Modern Energy Management (MEM) has announced the signing of two retainer agreements to carry out early-stage site hunting in Vietnam and the Philippines. The agreements, which will see MEM undertake site prospecting work, offers investors access to the full breadth of MEM’s project screening expertise, reducing interface risks that frequently result in cost overruns and delays.
Under the terms of these agreements, MEM will carry out initial site prospecting in the two markets, to search for and assess suitable project sites. In particular, MEM will assess the potential wind resource, constructability and ease of access via roads and ports, and CAPEX factors associated with each potential site.
