JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC).
Gia Lai Electricity Joint Stock Company listed its shares on the HCM Stock Exchange yesterday (September 19) at a reference price of VND27,490 (US$1.18).
Gia Lai Electricity Joint Stock Company has hired Japanese-owned JGC Vietnam Co., Ltd as the contractor for the construction of a solar power plant in the Tay Nguyen (Central Highland) province of Gia Lai Province’s Krong Pa District.
IFC, a member of the World Bank Group, and the Singapore-based Armstrong
S.E. Clean Energy Fund invested in the Gia Lai Electricity Joint Stock
Company (GEC) on June 30.