Latest news with #VietKhanhJointStockCompany
Time of India
23-06-2025
- Business
- Time of India
Waaree signs MoU for 100MWp solar EPC project in Vietnam's Daklak province
New Delhi: Waaree Renewable Technologies Ltd has signed a non-binding Memorandum of Understanding (MoU) with Viet Khanh Joint Stock Company to execute turnkey engineering, procurement and construction (EPC) works for a 100MWp photovoltaic solar power project in Ea Mdrod commune, Cư Mgar district, Daklak province of Vietnam. This is the second collaboration between the two companies after the successful commissioning of a 49.5MW solar project in Cam Ranh province in 2019. According to the MoU, Waaree will undertake the complete design, engineering, construction, testing and commissioning of the solar power plant, which will be connected to Vietnam's national power grid. The earlier 49.5MW solar project delivered by Waaree during 2018–19 is regarded as one of the highest performing solar installations in Vietnam. 'Waaree Group's 49.5MW solar project delivered in 2018–19 has remained one of the highest performing solar installation in Vietnam till date. This unmatched performance and professionalism form the foundation of our renewed trust. We are pleased to extend our collaboration with Waaree for this upcoming 100MWp project and look forward to building one of the most efficient clean energy assets in the region,' said Dinh Xuan Hai Sang, Chairman, Viet Khanh Joint Stock Company. The 100MWp solar project, once operational, is expected to offset more than 130,000 metric tons of carbon dioxide emissions annually, which is equivalent to planting over two million trees per year. 'We are honored to deepen our partnership with Viet Khanh through this landmark 100MWp solar project. This collaboration reflects Waaree Group's strong reputation in delivering high-performance, bankable solar infrastructure globally. Our commitment to quality, sustainability, and energy transition aligns perfectly with Vietnam's national energy vision,' said Viren Doshi, Executive Director, Waaree Renewable Technologies Ltd. The project is aligned with Vietnam's Power Development Plan 8 (PDP8), which targets 30.9 per cent renewable energy share by 2030. It also complements India's Act East Policy by strengthening cross-border clean energy cooperation in Southeast Asia. Waaree has deployed over 20GW of solar capacity across more than 20 countries and is India's largest solar module manufacturer. The company brings integrated capabilities in module manufacturing and EPC execution. The project is expected to contribute to the reduction of fossil fuel dependence, improvement in air quality, and serve as a replicable model for renewable energy development in rural and semi-urban regions of Vietnam.
Business Standard
23-06-2025
- Business
- Business Standard
Waaree Renewable tech signs MoU with Viet Khanh for 100 MW Solar EPC project
Waaree Renewable Technologies announced that it has signed a non-binding memorandum of understanding (MoU) with Viet Khanh Joint Stock Company for the execution of engineering, procurement, and construction (EPC) work for a solar power project. According to an exchange filing, the company will undertake the project on a turnkey engineering, procurement, and construction (EPC) basis. The final contract value and execution timeline will be mutually decided at a later stage, following the signing of a definitive agreement between the two parties. The company further clarified that the transaction does not involve any related parties. Neither the promoter, promoter group, nor any group companies have any interest in Viet Khanh or the project. Waaree Renewable Technologies (WRTL) is a subsidiary company of Waaree Group and is spearheading the solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants). The companys consolidated net profit jumped 82.7% to Rs 93.81 crore on a 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The counter rose 0.32% to Rs 988 on the BSE.
