Banpu Public Company Limited first launched its coal trading business in the Socialist Republic of Vietnam in 2015 with a wide array of business activities including marketing, customer service, research, sales contract, and logistics system. Vietnam’s demand for coal imports has been on the rise driven by increasing power consumption and economic growth.

In 2018, Banpu diversified into power business in Vietnam by establishing BPP Vinh Chau Wind Power Limited Liability Company (BPPVC) through investment of Banpu Power Public Company Limited, a subsidiary of Banpu Public Company Limited. The venture is responsible for investment and development of a wind power project in Soc Trang Province as well as a further feasibility study for other types of power plants. Banpu received an Investment Registration Certificate in July 2018 for the 80 MW wind power project which is expected to achieve commercial operation date between 2020 and 2021.

Vietnam is attractive to Banpu for power business investment because the country has enjoyed the highest GDP in the region with an average GDP annual growth of 6–7%, leading to rising power demands both in household and industrial sectors. Vietnam’s Power Development Plan also states the need to boost power generation capacity by focusing on the development of coal-fired powered and renewable-powered power generation, which is aligned with Banpu’s business direction

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