First foreign-funded hydropower plant to begin operating hinh anh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The Coc San hydro-electricity plant, the first foreign-funded power project in North Vietnam, will start generating power in the northern mountainous province of Lao Cai on June 8.

Announcing the news at a press conference in Hanoi on June 6, Allard Noov, CEO of Infraco Asia, a Singaporean-based company that invested 50 million USD in the plant, said it will offer 130,000 locals access to power at affordable costs.

The 30MW plant is expected to help cut approximately 76,000 tonnes of carbon dioxide annually.

The facility has employed 250 people for its construction and will provide 35 stable jobs once fully operational.

According to Allard Noov, Coc San began construction in 2011 and sited among terraced rice fields, thus no relocation was needed.

Vietnam’s demand for electricity grows about 15 percent on an annual average, with hydropower accounting for 44 percent of the national electricity output.-VNA