T&T Group, US partner reach deal in renewable energy in Vietnam

24-Sep-2021 Intellasia | VNA | 5:02 AM Print This Post

The T&T Group on September 21 signed several MoUs and contracts with US partners within the framework of President Nguyen Xuan Phuc’s working trip to the US.

The Vietnamese firm inked an MoU with UPC Renewables on working together in offshore and nearshore wind and solar power projects in several provinces in Vietnam with a combined capacity of nearly 1,500 MW and total investment of about 2.5 billion USD.

T&T Group also sealed two deals in buying animal feed materials totalling 525 million USD.

Accordingly, its agricultural arm T&T Agri will import 1.25 million tonnes of materials worth 450 million USD from The Delong Company next year. The other is an agreement in principle valuing at 75 million USD per year also between T&T Agri and US firm Valero.

Meanwhile, the group’s pharmaceutical arm, T&T Pharma reached a deal worth 23 million USD to be the sole distributor of Nutraceuticals dba Au Naturel, Inc for five years.

The deal followed numerous contracts that T&T Pharma had earlier reached with European partners in clinical trial, procurement and technology transfer for the production of COVID-19 vaccine and Real Time RT-CPR test kits./.



Category: Business, Vietnam

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