News Releases 2019

Jun. 25, 2019

Completion of Two Mega-Solar Projects in Vietnam

Continued Expansion in the Infrastructure Sector

Yokohama, Japan - JGC Corporation has announced the on-schedule completion of two mega-solar power plant projects in the Tay Ninh province of the Socialist Republic of Vietnam. The two contracts, which were awarded to JGC and its subsidiary, JGC Vietnam, for the engineering, procurement and construction work for the projects were signed in May and July of 2018. The opening ceremony was held on 19 June of this year.

The power generation business using the constructed two Mega-solar plants is leaded by the TTC Group (*1) and the Gulf Energy Development PLC (*2). The plants produce around 120 MW (DC), sufficient to power approximately 83,000 typical households per year.

Following on from the completion by the JGC Group of a separate mega-solar power plant project in December of last year, the addition of the two most recent plants means that the plants constructed by the group now have a total output of 190 MW (DC). The group plans to continue its involvement in the provision of renewable energy in Vietnam by seeking new orders including those in the field of wind power generation facilities.

Increasing involvement in the field of infrastructure is one of the key policies included in the company's 5-year plan, "Beyond the Horizon", starting from fiscal year 2016. Renewable energy is one of the principal areas included in this plan and the company has engaged in a number of EPC projects in large-scale mega-solar and biomass power generation plants both in Japan and overseas. The obtaining of orders and the performance of contracts in concert with the group's member company in Vietnam is considered as a model case for the further expansion of the group's activities in the field of overseas infrastructure and this approach is to be followed in boosting the company's involvement in providing renewable energy infrastructure in other countries ofin Southeast Asian countriesand other areas.

*1 TTC Group (Thanh Thanh Cong Group)

The TTC Group is a multi-industry corporation with over 150 subsidiaries and joint companies and a history of nearly 40 years in several business including real estate, energy, agriculture, education and hospitality.

*2 Gulf Energy Development PLC

One of the largest private power supply companies in Thailand. Including both established facilities and those under development, the company owns a total installed capacity of 11, 910.4MW and is also entering the field of renewable energy generation.

´╝ťProject Outline´╝×

Project Name TTC 1 Project TTC 2 Project
Client TTC Green Energy

TTC Energy Development

Investors

(Investment Ratio)

TTC Group Gulf Enery Development (The investment ratios have not been released.)

Construction Site Tay Ninh Province, Vietnam

Power Output (DC)

Approximately 70 MW Approximately 50 MW
Scope of Work Engineering, Procurement, Construction, Commissioning (EPCC)

Contract Type

Lumpsum Contract
Contract Amount Not Disclosed
Contract Award May, 2018 July, 2018
Photographs of Completed Project Photographs of Completed Project (TTC 1 Project) Photographs of Completed Project (TTC 2 Project)