JICA-funded wind power projects become commercial operation

Illustrative image (Photo: VNA)

Hanoi (VNA) – Three wind power projects co-funded by the Japan International Cooperation Agency (JICA) have been putinto commercial operation, the agency announced on November 10.

The three onshore wind power plants - Lien Lap,Phong Huy and Phong Nguyen, which have a combined capacity of 144 MW, meet conditionsfor enjoying the subsidised electricity price.

JICA signed a loan agreement on May 21, 2021 to provide 25 million USD fordeveloping these projects along with other co-sponsors being theAsian Development Bank (ADB) and the Export Finance Australia (EFA).

These wind power projects are financed firstly by JICA under the project loanform in Vietnam./. 

VNA