Illustrative image (Source: VNA)

HCM City (VNA) – Nearly 5 trillion VND (216.5 million USD) will be invested in building a solar power plant in the south-central coastal province of Ninh Thuan.

According to the investor - Trung Nam Solar Power JSC, a member of Trung Nam Group, the 204 MW plant will cover more than 264 hectares of the Trung Nam wind farm in Bac Phong and Loi Hai communes, Thuan Bac district.

Work on the plant will start on July 7 and is scheduled to be completed in June 2019.

It is expected to produce between 401 and 450 million kWh of electricity per year, supplying more electricity for Ninh Thuan province in particular and the country in general.

On July 3, the Electric Power Trading Company (EPTC) of the Electricity of Vietnam (EVN) signed a power purchase agreement with the Trung Nam Solar Power JSC.

Under the agreement, EPTC will purchase electricity from Trung Nam at a price of 2,086 VND (9.35 cents) per kWh.

In August 2016, Trung Nam Group started work on a 100 MW wind power plant in the province.

Earlier, the group had developed a few energy projects including the 70MW Dong Nai 2 hydropower plant and the Krong No.2 and Krong No.3 hydropower plants, with a combined output of 48MW, in the Central Highlands province of Lam Dong. As of November 2017, all of its hydropower plants had generated more than 1 billion KWh.-VNA