LAO PDR; VIETNAM —T&T Group has partnered with Vinacom Investment and Trading Company to advance the development, financing, and management of the 495 megawatt Savan 2 wind power project in Savannakhet Province, Laos. Estimated at $768 million, the facility is located in Nong District and is projected to enter commercial operations by the end of 2028 under a bilateral framework supporting cross-border power transmission to Vietnam. T&T Group is a private Vietnamese multi-sector conglomerate with substantial assets in energy, real estate, finance, and logistics.
This initiative expands Vietnam’s strategy to secure imported electricity from regional neighbors to support long-term economic growth. Under the country's updated Power Development Plan VIII, cross-border power imports from Laos are targeted to scale between 9,360 megawatts and 12,100 megawatts by 2030. The new venture builds upon T&T Group's existing 300 megawatt Savan 1 facility, which entered operational status in late 2025 and generates approximately $36.5 million in revenue over its initial operating months, delivering 900 million kilowatt-hours annually back to the Vietnamese grid.
The installation will directly benefit the renewable energy, heavy equipment supply, engineering, and cross-border logistics sectors by increasing demand for construction and grid infrastructure along the Laos-Vietnam transportation corridor. Shared usage of existing high-voltage grid lines-including a 70-kilometer 220-kilovolt transmission line connecting to Vietnam’s regional substation-is anticipated to lower capital expenditure burdens and accelerate completion timelines for subsequent energy projects in the border region.
For institutional investors and energy developers, the project demonstrates the commercial viability and bankability of cross-border power purchase agreements in Southeast Asia. Capitalizing on previously established grid connections reduces execution risks and improves long-term internal rates of return for large-scale infrastructure assets. Furthermore, increasing supply diversity helps mitigate power deficit risks for industrial manufacturing hubs situated across central and northern Vietnam.
