JERA to acquire 35 per cent stake in Gia Lai Electricity

Japanese utility company JERA, through its subsidiary JERA Asia, has agreed to purchase a 35.1 per cent stake in Gia Lai Electricity (GEC), a Vietnam-based renewable energy company. For an undisclosed sum, JERA will purchase the stake from Armstrong South East Asia Clean Energy Fund and International Finance Corporation (IFC). GEC, a subsidiary of TTC Group, has a portfolio of renewable energy projects with a combined capacity of around 600 MW, including hydro, solar, and wind power plants.

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