First foreign-funded hydropower plant to begin operating
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.
Illustrative image (Source: VNA)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
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
Business
Enterprises want clearer regulations on seafood production
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
