Work commences on US$345 million wind farm in Bac Lieu

by NDO/VNA03 October 2020 Last updated at 18:00 PM

At the ceremony (Photo: NDO/Trong Duy)
At the ceremony (Photo: NDO/Trong Duy)

VTV.vn - The Kosy Group, which operates in the field of urban development and renewable energy, kicked off the first-phase construction of a VND8 trillion (US$345.15 million) wind farm in the Mekong Delta province of Bac Lieu on October 3.

Spanning 14 ha in the communes of Vinh Thinh, Vinh My A and Vinh Hau, the Kosy Bac Lieu wind power plant consists of 45 turbines with a combined capacity of over 200 MW.

In the first of the project’s three phases, nine turbines with a total capacity of up to 40 MW will be built at a cost of more than VND1.5 trillion.

According to the group’s CEO Nguyen Viet Cuong, the first-phase plant will be put into operation before October 30, 2021, and will be capable of generating 115 million kWh of power per year on average.

It is expected to rake in annual revenue of about VND270 billion, contributing dozens of billions of VND to the local budget, and creating hundreds of jobs.

Speaking at the ceremony, Chairman of the provincial People’s Committee Duong Thanh Trung said the project is in line with Vietnam’s Master Power Development Plan VII as well as Bac Lieu’s power plan and socio-economic growth orientations.

The official pledged to create the best conditions possible for the investor to effectively carry out the project.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-11-08 07:39 UTC