The first 35MW TTC Phong Dien Solar Plant has been put into operation in Vietnam, adding to the trend of renewable energy production and consumption across the nation. On October 5, TTC Group and Gia Lai Electricity JSC (GEC)—a member of TTC Group—held the inauguration ceremony of TTC Phong Dien Solar Power Plant in My Hoa hamlet, Dien Loc commune, Phong Dien District, Thua Thien Hue province. Invested by Gia Lai Electricity JSC, TTC Phong Dien Solar Power Plant is located about 50 km to the north of Hue City and about 16 km to the east of Phong Dien Town centre. The 45-hectare plant has a capacity of 35MW and total investment capital of nearly $42.9 million. The project began its construction in January 2018 with some 300 domestic and foreign workers and engineers. 145,560 solar panels have been installed with advanced technology and equipment, bringing high efficiency. These panels will absorb the sun’s radiation and convert it into electricity to then feed it to … [Read more...] about First 35MW solar power plant in Vietnam goes online
Power plant in vietnam
EuroPlas starts building US$49-million solar power plant in Long An
The Hanoitimes - The project covers an area of 60 hectares in My Thanh Bac commune, Duc Hue district and is scheduled to be put into operation by June 2019. European Plastic Company (EuroPlas) on September 21 started construction of a 50-megawatt (MW) Europlast Long An solar power plant at a cost of VND1.15 trillion (US$49.23 million), which is the third of its kind in Mekong Delta province of Long An, the government portal reported. Illustrative photo. The project, which covers an area of 60 hectares in My Thanh Bac commune, Duc Hue district and is scheduled to be put into operation by June 2019, in turn enhancing the capacity of the national power grid. Vietnam has now shifted its focus on renewable energy instead of hydropower and thermal power sources, which are now facing increasing difficulties due to environmental issues, stated Nguyen Van Duoc, vice chairman of the Long An People's Committee, at the ground breaking ceremony. The construction … [Read more...] about EuroPlas starts building US$49-million solar power plant in Long An
Storm Capital Partners plans to construct floating LNG power plant in Vietnam
The Hanoitimes - A floating LNG-fueled power plant is equipped with modern technologies with numerous advantages, for which the city`s leaders expressed supports for the project. UK-based Storm Capital Partners, a privately owned hedge fund sponsor, is seeking support from local authority to invest in a floating LNG-fueled power plant in northern Hai Phong city, stated the city's website. Illustrative photo. With total capacity of 450 - 600 MW, the project is expected to have investment capital of US$500 - 600 million. According to the fund's representative, the power plant will ensure full compliance with environmental and safety standards, which will be operated at low cost with low selling price of electricity. Hai Phong city's Mayor Nguyen Van Tung welcomed Storm Capital Partners's initiative, which is in line with the city's development strategy. "Hai Phong is home to the biggest deepwater sea port in northern Vietnam and a major … [Read more...] about Storm Capital Partners plans to construct floating LNG power plant in Vietnam
Foreign investors interested in wind power development in Vietnam
Illustrative image (Source: VNA) Hanoi (VNA) – Foreign investors have shown considerable interest in developing wind power in Vietnam. The People’s Committee of the Mekong Delta province of Tra Vinh has allowed three investors to finance the construction of the Hiep Thanh wind power plant, with a total investment of 3.37 trillion VND (144.3 million USD). Of the figure, 20 percent was contributed by investors, including Hanoi-based Ecotech Vietnam company, Janakuasa Singapore Pte, Ltd, and Lam Minh – a resident in Hanoi’s Ba Dinh district. The remainder was borrowed from German bank Landesbank Baden-Wurttembrg (LBBW). Investors set up the Ecotech Tra Vinh Renewable Energy JSC to carry out the project, the duration of which is 49 years. General Director of the company Lam Minh said the project has been included in the provincial power development plan for 2016-2025 with a view to 2035, approved by the Ministry of Industry and Trade on May 19, 2016. It is … [Read more...] about Foreign investors interested in wind power development in Vietnam
German company to invest in two solar power plants in Hau Giang province
BS Heidelberg Solar GmbH of Germany said it plans to invest in two solar power projects in Vietnam’s southern province of Hau Giang, namely Hau Giang I and Hau Giang II. Vice Chairman of the Hau Giang People’s Committee Nguyen Van Tuan(L) applauds BS Heidelberg Solar GmbH company’s investment - Photo: baohaugiang A memorandum of understanding on the investment was signed by the company and the Hau Giang People’s Committee on April 2. Theo VNA … [Read more...] about German company to invest in two solar power plants in Hau Giang province