Eastern Power Group Public Company Limited (SET: EP) disclosed additional information through the Stock Exchange of Thailand regarding the progress on the sale of its wind power plant project in Vietnam, as per the request from the exchange.
EP stated that it has held ongoing discussions with the management of BCPG Public Company Limited (SET: BCPG), the parent of BCPGI (the buyer). Both parties are reviewing and updating terms to align with current circumstances and ensure mutual benefit. BCPG has acknowledged the need for these adjustments and remains committed to acquiring the CBTN and PTMN projects.
BCPGI will expedite the submission of a revised proposal to EP for further consideration. Additionally, on December 22, 2025, the CBTN and PTMN projects, with a combined installed capacity of 99 megawatts, received approval for commercial operation (COD) from Vietnam Electricity (EVN) effective from 8:00 A.M.
EP is now expediting the first loan drawdown of approximately THB 1.40 billion from the Bank for Investment and Development of Vietnam (BIDV) and will accelerate negotiations to finalize the final electricity purchase price (Final FIT) to enable the final loan drawdowns for all four projects within March 2026.
