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Ninh Thuan lures investment in renewable energy

Ninh Thuan creates favourable conditions to lure investment in developing wind and solar power towards ensuring sustainable development of the power sector and contributing to national energy security
Ninh Thuan lures investment in renewable energy ảnh 1Illustrative image (Source: VNA)

NinhThuan (VNA) - The south central coastal province of Ninh Thuan istrying to create favourable conditions to lure investment in developing windand solar power towards ensuring sustainable development of the power sectorand contributing to national energy security.

So far theprovince has granted investment licences to 8 wind power projects with a combinedcapacity of 514 MW, and total capital of 19.7 trillion VND (866.9 million USD).Construction work has started on four projects, namely Mui Dinh, Cong Hai 1,Trung Nam and Dam Nai.

The 40 MW-Dam Nai windpower plant was connected to the national grid in September with an initial threeturbines with a combined capacity of 6MW in the first phase. The second phasewill see the installation of 13 more turbines, expected to be completed inOctober 2018, raising the plant’s capacity to 40MW.

Besides, the provincialPeople’s Committee has granted approval to investmentplans of three solar power plants and allowed 30 other potential investors to surveylocations in the province.

Thelocality is completing its planning for solar power development from 2016-2020with a vision to 2030 to submit it to the Ministry of Industry and Trade forapproval, thus laying the legal foundation for attracting investors, and receivinginvestment from the central budget for the transmission network serving renewableenergy production.

Incentivesin terms of land, taxes and infrastructure will be offered to investors,according to the provincial Department of Planning and Investment.

Directorof the Department Pham Dang Thanh said renewable energy is identified as anadvantage to create a boost to the development of other economic sectors,adding that every investment project has been considered on both socio-economicand environment aspects.

NinhThuan aims to increase local wind power capacity to 1,429 MW, and solar powercapacity to 4,848 MW by 2030.

A surveyby the World Bank has found that Ninh Thuan has the greatest wind speed of thenation, averaging 7.5 metres per second for 10 months a year, an idealcondition for developing wind power. The province also has the average sunshineduration of 7.7 hours a day.-VNA
VNA
#Ninh Thuan #renewable energy #wind power #solar power #national energy security #Dam Nai wind power plant #Vientamplus #Vietnam News #Vietnam News Agency Ninh Thuan
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