Bac Lieu attractive to foreign wind power firms
Authorities of the Mekong Delta province of Bac Lieu had separate meetings with two foreign firms, UPC Ranewables and Kimin Power, on feasibility study reports on wind power projects to be developed by the firms.
Illustrative image (Source: VNA) Meeting representatives from UPC Ranewables, the authorities were introduced to the firm which has invested over 3 billion USD in wind power projects around the globe with total capacity of more than 2,000MW.
The enterprise is planning a 200MW plant in Bac Lieu, which is expected to be completed in around 10 months through two phases. The company has finished surveys on transportation methods for equipment.
Addressing the session, Chairman of the provincial People’s Committee Duong Thanh Trung said that the province will create optimal conditions for UPC Ranewables to implement the project, which, he believes, will open up new prospects in renewable power production in Bac Lieu, the Mekong Delta region and the country as a whole.
At the working session with Kimin Power, Trung spoke highly of the firm’s capacity in wind power. He said that the Government has planned a wind power farm with 7,000MW in the province. Currently, the locality is calling for investments in a coastal area potentially generating 400MW.
Bac Lieu also has high potential in solar power thanks to its stable brilliant sunshine and very few storms and floods, he said.
The Kimin Power has three-year investment in Vietnam, mostly in central localities. The firm is seeking opportunities to install a plant capable of producing about 500MW in Bac Lieu.
Earlier on June 17, the businesses also made field trips to a number of places in Bac Lieu to seek suitable sites for their projects.-VNA
You should also see
Sun World Ba Na Hills - A fairyland in Da Nang
Ba Na Hills is a clear testament to the role of the private economy in the development of tourism in Da Nang as well as the city’s economy as a whole. Sun World Ba Na Hills was honoured in 2023 at the World Travel Awards as “Asia’s Leading Theme Park”.
See more
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
Business
Hai Phong Techfest connects Vietnamese, RoK businesses
The Department of Science and Technology of the northern port city of Hai Phong is organising the International Techfest Connect 5+, a science and technology festival to promote connectivity in the northern coastal region, from April 15-16.
Business
Banks record positive business indicators in Q1 2024
Many banks have reported positive business indicators, especially credit growth, in the first quarter of this year.
Business
Brand building for Vietnamese agricultural products needed to boost exports
Vietnam's agricultural development has gained many achievements in recent times, with seven commodities recording annual export turnover of over 3 billion USD, namely wood and wooden products, shrimp, coffee, rice, rubber, vegetables and fruits, and cashew nuts. These products are present in most of the world's major import markets such as the US, the European Union (EU) and Japan.
Business
InfographicFour commodities post Q1 export value of over 5 billion USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
