The Finger Consortium, consisting of SaaS (Software as a Service) platform specialist Finger (CEO Ji-woon Kim) and climate tech company C2E, announced on the 29th that it held a meeting to 'review the implementation of a strategic alliance for a 100MW solar power generation project and approve the project promotion plan' in Oudomxay Province, Laos.
The meeting was held in the conference room of the Lao-China Technology Cooperation Demonstration and Service Center in Oudomxay Province and presided over by Onkaew Ounalom, Deputy Governor of Oudomxay Province. A total of 29 people attended the meeting, including Alun Boonvilai, Director General of the Ministry of Industry and Commerce (MOIC/DEM), Yang Yong-seok, CEO of C2I, Kim Seung-nam, Director of Finger, and Jeong Jin-woo, Managing Director of CTE, as well as Lao government officials, coordinators, and advisors.
This project is a collaborative model that combines the Finger Consortium's technological prowess and financing capabilities with the administrative support of the Oudomxay provincial government. The project aims to build a solar power plant on a site measuring approximately 100 to 200 hectares. Under the agreement, Oudomxay will provide the land and assist with permitting and approval procedures, while the Finger Consortium will be responsible for conducting a feasibility study, conducting an economic analysis, and providing technology and equipment.
The two parties will jointly conduct a pre-feasibility study (Pre-FS) and a full feasibility study (FS), including ▲ geospatial data collection ▲ economic and technical feasibility assessment ▲ environmental and social impact assessment (ESIA), over the next 24 months. After completing the power generation project permit, they plan to sign a power purchase agreement (PPA) with Electricity of Laos (EDL) and Vietnam Electricity (EVN) and begin commercial operation.
This collaboration is part of the Finger Consortium's expansion of its global renewable energy business portfolio and is considered a case in point, aligned with the Lao government's "2030 National Green Growth Strategy." The transition to eco-friendly energy is also expected to have tangible economic benefits, including job creation and increased income within the region.
A Finger Consortium representative stated, "This project, utilizing solar resources in northern Laos, will serve as the foundation for reducing greenhouse gases and enhancing energy self-sufficiency. We will develop this into a sustainable, win-win model, including the transfer of Korean technology and local training." They added, "Building on our achievements in Oudomxay Province, we plan to expand renewable energy cooperation to other regions in Laos."
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