Ninh Thuan resolved to become renewable energy centre of Vietnam

 

Ninh Thuan (VNA) – With considerable solar and wind advantages, the  is working hard to attract investment in a bid to become a renewable energy centre of Vietnam.

Ninh Thuan is set to attract wind and solar power projects with total respective capacity of 1,429 MW and 3,912 MW by 2030.

The Prime Minister and the Ministry of Industry and Trade have agreed to add 15 wind power projects into the country’s electricity development plan. With combined capacity of 748.75 MW and registered capital of roughly 27.58 trillion VND (1.21 billion USD), 12 of these projects have been granted with investment certificates.

Meanwhile, 25 solar power projects in Ninh Thuan have been added to the national electricity development plan. Eighteen of these projects were approved, with total capacity of 999 MW and registered capital of nearly 27.88 trillion VND (1.22 billion USD).

To become a renewable energy centre, the province is promoting investment attraction and creating the best possible conditions for investors to accelerate the progress of renewable energy projects.

In particular, investors operating in renewable energy will be exempted from land rent during the implementation of projects and benefit from corporate income tax rate of 10 percent. The corporate income tax will be exempted in four years and cut by half in the nine following years. Additionally, their projects will also be exempted from tariffs on imported goods.

Vice Chairman of the provincial People’s Committee Pham Van Hau said Ninh Thuan prioritises capable and experienced investors who have modern technologies and high resolve to carry out renewable energy projects in the province.

The provincial administration will continue directing relevant departments and agencies to work with investors to speed up the settlement of procedure and site clearance obstacles to projects.

When operational, wind and solar power projects will greatly contribute to national energy security and the province’s socio-economic development, he noted.

Pham Dang Thanh, Director of the provincial Department of Industry and Trade, said to facilitate the factories’ connection with the national grid, Ninh Thuan has asked the Government to develop electricity transmission infrastructure as the province’s transmission network is still modest and unable to serve all renewable energy projects. It has also requested the government to increase wind power prices from the current level of 7.8 US cent per kWh.

Work on renewable energy projects in Ninh Thuan is being accelerated so as to complete on schedule.

Four wind power projects are under construction and expected to be put into operation in 2018. With three turbines and capacity of 6 MW, the first phase of Dam Nai wind power plant in Ninh Hai and Thuan Bac districts has become operational. The entire project, which has total capacity of 40 MW, will be completed this year.

The three other wind power projects are hoped to have their first phase finished later this year. They are Mui Dinh plant (37.6 MW) in Thuan Nam district and Trung Nam (105.75 MW) and Cong Hai 1 (40.5 MW) factories in Thuan Bac district.

Meanwhile, some solar power projects are also scheduled to generate electricity this year, including Bim plant (30 MW) and Bau Ngu Lake plant (50 MW) in Thuan Nam district.

Notably, the CMX Renewable Energy Vietnam factory in Ninh Son district will have capacity of 168 MW. This is the biggest solar power project in Vietnam so far and set to become operational in June 2019.-VNA