IES inks USD682 Million loan agreement for the iconic 600MW “Monsoon Wind Power Project” as the first wind project in Lao PDR, the largest renewable energy plant in Southeast Asia positioned as a key platform for regional connectivity and decarbonization

BANGKOK, THAILAND – Media OutReach – 1 March 2023 – On 24 February 2023, Impact Electrons Siam Limited (IES), Asia Pacific’s leading renewable energy solutions provider, as the developer of the Monsoon Wind Power Project (Monsoon Wind), signed USD682 Million financing documents for a non-recourse project financing for Monsoon Wind together with other shareholders, among them are ACEN Renewables International Pte. Ltd., STP&I Public Company Limited and SMP Group. Customary CPs are expected to be satisfied shortly. Monsoon Wind will construct, own, and operate a 600MW wind power plant and its dedicated 500kV transmission line in the Sekong and Attapeu provinces located in southeastern provinces of the Lao PDR. Monsoon Wind is the first wind power project in Lao PDR and the first cross-border project in Southeast Asia. Under the 25-year power purchase agreement, the electricity generated will be sold to Vietnam Electricity (EVN) through the Project Company’s 500kV transmission line.

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About Impact Electrons Siam Limited

Impact Electrons Siam Limited (IES), is a regional renewable energy solution firm headquartered in Thailand with over 1,900 MW of wind, solar energy and regional connectivity projects in development and operation in Thailand, Japan, Lao PDR and Vietnam. IES is a privately owned company that was established in 2011. IES develops clean, affordable and reliable renewable energy solutions and is a pioneer of visionary innovation in the renewable energy sector with a vision to build a better future for local communities across the region.

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