Sep 24, 2018 / 10:44
Vietnam firm starts building US$42.7 million solar power plant in Binh Thuan
Once completed, the plant is expected to supply around 80 million kWh of electricity for the national power grid annually.
Vietnam's Quang Dien Binh Thuan Investment Company on September 23 started construction of the 39-megawatt (MW) Song Luy 1 solar power plant in the central province of Binh Thuan, at a cost of VND998 billion (US$42.7 million), the government portal reported.
Under the approval of the Ministry of Industry and Trade (MoIT), the project covers an area of 45.5 hectares in Song Luy commune, Bac Binh district and is expected to supply around 80 million kWh of electricity to the national power grid annually.
The plant is scheduled to be put into operation by April 2019, which is a major step towards realizing Binh Thuan's energy development plan.
Thanks to its natural characteristics, Binh Thuan is an ideal place to construct solar power plants, said Tran The Thanh, chairman of Quang Dien Binh Thuan Investment Company.
A number of international consultants and suppliers took part in the project, including Sigma Energy (Spain), Tractebel (Belgium), ABB (Sweden) and TMEIC (Japan).
Overall, Binh Thuan province has a total of 14 solar power plant projects with investment capital of VND20.7 trillion (US$885.63 million). According to the development plan of the province, up to 2030, the total capacity of solar power plants would be over 4,000 MW.
Under Vietnam's master plan, solar power is expected to become the main new renewable energy source in the future in Vietnam, with installed capacity to be increased from around six to seven megawatts at the end of 2017 to 850MW by 2020, accounting for 1.6% of the country's power generation and 12,000MW by 2030 or 3.3% of Vietnam's power generation.
Illustrative photo.
|
The plant is scheduled to be put into operation by April 2019, which is a major step towards realizing Binh Thuan's energy development plan.
Thanks to its natural characteristics, Binh Thuan is an ideal place to construct solar power plants, said Tran The Thanh, chairman of Quang Dien Binh Thuan Investment Company.
A number of international consultants and suppliers took part in the project, including Sigma Energy (Spain), Tractebel (Belgium), ABB (Sweden) and TMEIC (Japan).
Overall, Binh Thuan province has a total of 14 solar power plant projects with investment capital of VND20.7 trillion (US$885.63 million). According to the development plan of the province, up to 2030, the total capacity of solar power plants would be over 4,000 MW.
Under Vietnam's master plan, solar power is expected to become the main new renewable energy source in the future in Vietnam, with installed capacity to be increased from around six to seven megawatts at the end of 2017 to 850MW by 2020, accounting for 1.6% of the country's power generation and 12,000MW by 2030 or 3.3% of Vietnam's power generation.
Other News
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
- Vietnam news in brief - August 24
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
Trending
-
Semiconductor market reaches $18.2 billion: SEMIEXPO Vietnam 2024
-
Vietnam news in brief - November 7
-
Hanoi: Innovative crossroads to celebrate creative values
-
From tradition to trend: How modern approaches spark cultural pride in Vietnam's Gen Z
-
Hanoi works to make bus system greener
-
Capital Law to make Hanoi major center for quality education
-
Expatriate workforce in Hanoi: Growth engine requring thorough administration
-
Hanoi seeks partnerships to build skilled workforce for digital transformation
-
Adorable baby hippo wows Hanoi visitors