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Nexif Energy and RATCH Extend Partnership

4C Offshore | Tom Russell
By: Tom Russell 01/06/2021 Nexif Energy
Nexif Energy, the Australian and South East Asian power company, backed by Denham Capital announced that it has formed a 50:50 partnership with RATCH Group for construction and operation of its Nexif Energy Ben Tre wind power generation project (NEBT) in Vietnam.

The 80 MW near-shore wind power generation project is located in Thanh Hai commune, Thanh Phu district of Ben Tre Province, about 160 km southeast of Ho Chi Minh City, Vietnam. The entire electricity generation of the project will be sold to Vietnam Electricity Corporation (EVN) under a 20-year power purchase agreement. Permits and interconnection agreements for the project have been secured. The project broke ground on construction activities on May 15th with a construction schedule of 19 months to commercial operations.

SEPCOIII has been selected as the EPC Contractor and O&M Contractor for the Project. The Project will utilise 19 units of the Goldwind 155-4.5MW Wind Turbine Generators which are evaluated to be the most suitable for the wind regime that prevails at the project location.

Nexif Founder and Co-Chief Executive Officer, Surender Singh said: “Nexif Energy is pleased to be making rapid progress on the Ben Tre Wind Project and extending its ongoing relationship with RATCH Group. We share with RATCH a common vision to bring world leading technology solutions to address the challenges of the energy transition.”

Matthew Bartley, Founder and Co-Chief Executive Officer of Nexif Energy, added: “Ben Tre Wind project is our third investment in Vietnam and confirms our long-term commitment to the growing power sector in the country. We are developing several other opportunities in Vietnam and other countries of South East Asia to be among the leading renewable energy solution providers in the region.”

Denham Capital Managing Director, Saurabh Anand, added: “Denham Capital remains committed to delivering affordable, clean power to support the high economic growth in places like Vietnam. This project brings us closer to our target of investing in a portfolio of more than 1000 MW of renewable generation projects in Asia and Australia by the end of 2021.”

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