Nexif Energy has acquired 94% of the equity of the Song Giang Hydropower JSC, a company that owns two run-of-the-river hydropower projects in cascade on the same river totalling 49 MW in the Khanh Hoa province of Vietnam. The two projects are the 37 MW Song Giang 2 which has been operating since December 2014 and the under construction 12 MW Song Giang 1 that is expected to be complete in the second quarter of 2021.
Song Giang hydropower project will produce enough energy to power 74 000 households of Vietnam and will offset approximately 110 000 tpy of CO2. It will also directly create 250 jobs during the construction of Song Giang 1 and will sustain 50 long term jobs during operation.
