📋 Tender Overview
After completing phase 1 in just about 16 months and officially entering commercial operation (COD) at the end of 2025, T&T Groups Savan 1 Wind Power Plant is entering the cash flow generation phase. Only 7 months after COD, the project achieved more than 36.5 million USD in revenue, opening the commercial exploitation cycle of one of the largest cross-border wind power projects in the region. Download 48 wind turbines of phase 1 Savan 1 has been put into operation, generating electricity and revenue from Laos - Photo: Thanh Son From the 3 zero construction site to trillions in revenue Savan 1 wind power plant is located in Savannakhet province (Laos), invested by T&T Group with a total capital of about 768 million USD and a design scale of 495 MW. Phase 1 of the project has a capacity of 300 MW, includes 48 wind turbines and will officially operate commercially at the end of 2025, providing up to 0.9 billion kWh of electricity to Vietnam each year. Nearly seven months after COD, Savan 1 has recorded about 36.5 million USD in revenue (equivalent to nearly 1,000 billion VND). Behind that result is a months-long preparation process before the first electricity is sent to the grid. From the beginning, T&T Group not only invested in a power plant but also built a 220 kV transmission line to bring electricity from Savannakhet to the connection point in Lao Bao (Quang Tri). With large-scale wind power projects, if just one link such as the transmission system or connection is behind schedule, the time of commercial power generation will also be delayed. With Savan 1, immediately after receiving the concession contract from the Lao Government in early 2025, T&T Group implemented many items simultaneously, from factory construction, a separate 220 kV transmission line to Vietnam to infrastructure works serving equipment transportation. Thanks to that, the project avoids the situation where the plant is completed but cannot generate electricity because the transmission infrastructure is not ready. Download Savan 1s electrical infrastructure system is invested synchronously, creating a foundation for the factory to operate and create a stable cash flow - Photo: Thanh Son. However, the reality of the construction site is always extremely fierce. The engineering team had to live for many months in the middle of the Savannakhet plateau in 3 no conditions: No clean water, no phone signal and no temporary shelter. Some people could not adapt and quietly left the construction site. Those who stay have only one goal, which is to bring the project to its destination on time at all costs. Because of that determination, more than 27 km of new access roads have been opened to bring super-long and super-heavy vehicles to the construction site. More than 45 km of internal roads have been completed. The Tangatay Bridge, more than 80 meters long, was built by Vietnamese officials and engineers to replace the spillway that was often cut off every rainy season. These are not items that generate electricity, but are decisive infrastructure so that electricity can appear as planned. Download Officials and engineers constructing and installing turbines at Savan 1 Wind Power Plant - Photo: Thanh Son. Besides economic significance, Savan 1 is one of the typical projects in the field of cross-border renewable energy, contributing to concretizing the goal of increasing electricity imports according to the Agreement between the Governments of Vietnam and Laos. Bringing electricity from Savannakhet to Vietnam not only marks a step forward in energy cooperation between the two countries but also shows the increasingly clear role of the private economic sector in large-scale infrastructure projects with transnational elements. Moving from investment to cash flow generation, the plant is expected to bring in about 62.5 million USD/year in phase 1 and increase to nearly 97.3 million USD when completing the entire phase 2. Also By the time the entire plant increases its total capacity to 495 MW, the national grid system will receive up to 1.4 billion kWh of electricity per year. Those numbers do not simply reflect the actual operating efficiency of a wind power plant. More important is the time when the project begins to transition from investment to cash flow generation - a decisive stage for infrastructure projects with long capital cycles. Right from the project preparation stage, Military Commercial Joint Stock Bank (MB) has participated in financial arrangements for Savan 1, creating a foundation for the project to be implemented synchronously. As the factory generates revenue, operating cash flow also gradually forms, contributing to ensuring the ability to pay back capital, strengthening the trust of credit institutions and creating financial space for further investments. More broadly, the revenue of about 36.5 million USD is not just the story of Savan 1. This can be seen as one of the first signals that the infrastructure investment portfolio that businessman Do Quang Hien and T&T Group have persistently built over many years is improving. entering the exploitation cycle. In the energy sector, Savan 1 is a link in the strategy of developing the portfolio of wind power, solar power, LNG gas power and new energy sources of T&T Group. This will be the foundation for the Group to continue expanding its energy portfolio according to the goal of increasing the scale to 25-30 GW by 2035. Download Savan 1 is a link in the strategy of developing T&T Groups portfolio of wind power, solar power, LNG gas power and new energy sources. With traffic, projects such as Bao Bao ExpresswayLoc - Lien Khuong or Ring Road 4 - Capital Region will become infrastructure assets that create cash flow in the future. Meanwhile, Quang Tri Airport is entering the acceleration phase to be ready for official operation later this year. In the field of logistics, T&T Group has cooperated with Singaporean partners to develop Vietnam SuperPort - the firs
