Southeast Asia’s leading wind energy project developer The Blue Circle has appointed a new member to the Company’s Board of Directors today, extending the board’s size to six members.
“I am very pleased to welcome Varabott Ho to our Board of Directors” said Olivier Duguet, Chief Executive Officer of The Blue Circle. “He will bring not only his extensive international financial experience but also his understanding and knowledge of the new Cambodia emerging economy.
“It confirms our interest in implementing renewable energy solutions for a country where electricity demand is growing at 16% per year and with the second highest cost of energy in the ASEAN”.
Cambodia had 2,008 MW installed and 58% households electrification rate as of December 2016. The country is still dependent on its imports for 24% of its energy supply and has planned to add 1,335 MW of new power capacity by 2024.
Varabott Ho has more than 20 years working experience in the banking and finance industry across Europe and Asia Pacific. He worked in Private Banking at Banque Indosuez and Banque Hottinguer before becoming Senior Investment Manager at Credit Suisse in Paris, London and Zurich.
In 2010, Varabott specialised in emerging markets at Axa in France and Leopard Capital in Cambodia. He is now General Manager of the Institute of Banking & Finance Cambodia, founded by The Association of Banks in Cambodia to provide training to the banking and finance community in Cambodia. Varabott has acted as an advisor to The Blue Circle since 2013.
Varabott graduated from the University of Chicago Booth School of Business and is a certified EFFAS International Investment Analyst.
About The Blue Circle
The Blue Circle is a developer of renewable energy projects with a focus on wind power and projects in Thailand, Vietnam, Indonesia and Cambodia. Based in Singapore, the company works to bridge the gap in project development in Southeast Asia by bringing international project development experience and financial expertise together with local market understanding. Vertically integrated with unique regional wind engineering capabilities, The Blue Circle can identify green field sites, pursue project development milestones up until financing and operating of the generating assets.
More information on The Blue Circle: www.thebluecircle.sg
For further information, please contact:
The Blue Circle
Olivier Duguet Tel: +65 6358 3414 firstname.lastname@example.org