TTCIZ-01 solar power project in Vietnam successfully started commercial
operation to Vietnam Electricity (EVN)
Publish on March 15, 2019
TTC Green Energy Investment Joint Stock Company, as associate in
which Gulf Energy Development Public Company Limited indirectly holds 49% of shares through Gulf
International Holding Pte. Ltd. and which operates the TTCIZ-01 solar power project in Vietnam. TTCIZ-01
commenced the sale of electricity to Vietnam Electricity (EVN) on March 6, 2019.
TTCIZ-01 solar power project is located in Trang Bang district, Tay Ninh province, Vietnam, with an
installed power generation capacity of 68.8 megawatts and a total project cost of approximately US$ 65
million. It will supply electricity to EVN pursuant to a 20-year power purchase agreement under agreed
terms of US 9.35 cent/kWh tariff.
TTCIZ-01 is the first of the Company’s power projects in Vietnam to commence commercial operation. The
second project, TTCIZ-02, in which the Company indirectly holds 90% of shares, has an installed power
generation capacity of 50.0 megawatts and will supply electricity to EVN under the same terms as
TTCIZ-01. To date, construction on the project has proceeded as planned and it is expected to commence
commercial operation as scheduled around May 2019.