Making news

Ninh Thuan speeds up renewable energy projects

 The central province of Ninh Thuan is speeding up the construction of wind and solar power plants in order to generate commercial electricity as scheduled.

Amongst the 16 wind power projects in the master plan on power development approved by the Prime Minister and the Ministry of Industry and Trade, 12 have received licences with combined capacity of over 748 MW and a total registered capital of more than 22.5 trillion VND (978 million USD).

There are also 29 solar power projects in the master plan, 12 of which have a total capacity of 968MW and a total registered capital of over 27.8 trillion VND.

As scheduled, more than 82MW of wind power from plants in Dam Nai (second stage), Mui Dinh, and Trung Nam will be added to the national grid.

According to the provincial People’s Committee, three renewable energy projects and the National Power Transmission Corporation have reached agreements on power generation. Meanwhile, 22 other projects signed deals with the Southern Power Corporation and 11 renewable energy projects inked contracts on power purchase with the Electricity of Vietnam.

Chairman of the Committee Luu Xuan Vinh said Ninh Thuan considers renewable energy development one of the key breakthroughs for local socio-economic development, adding that the province prioritises capable and experienced investors determined to develop renewable energy projects.

Ninh Thuan is expected to attract investment in wind power projects with a total capacity of 1,429 MW and solar power projects with a total capacity of 3,912MW between now and 2030.

Recently, the Government issued Resolution No.115/NQ-CP dated August 31, 2018 on special mechanisms and policies to facilitate Ninh Thuan’s socio-economic development and stabilise local lives for the 2018-2023 period. Accordingly, the Government approved the plan to turn Ninh Thuan into a renewable energy hub of the country.