On 1 March, ADB and Monsoon Wind Power Company Limited signed a $692.55 million nonrecourse project financing package to install a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern part of the Lao People’s Democratic Republic (Lao PDR). The project is the first cross-border wind project in the region and the largest syndicated renewable project financing transaction in Southeast Asia. It will help Lao PDR unlock its wind energy potential and realize the attendant socio-economic benefits, while at the same time, help neighboring country Viet Nam diversify its power generation mix as it strives to meet its growing energy demand. The project is expected to reduce annual greenhouse gas emissions by 748,867 tons of carbon dioxide equivalent per year. The project is led by Robert Lockhart, PSIF2. More about this: ADB Signs Loan for First Cross-Border Wind Power Project in Asia, First Plant in Lao PDR and Largest in Southeast Asia