Business

Partnership formed to develop wind, solar power in Ninh Thuan

The Trung Nam Construction Investment Corporation and the Trung Nam Wind Power JSC signed contracts with partners on June 10 to implement wind and solar power projects in Ninh Thuan province.
Partnership formed to develop wind, solar power in Ninh Thuan ảnh 1Representatives of companies sign contracts on June 10 (Photo: VNA)

Ninh Thuan (VNA) – The Trung NamConstruction Investment Corporation (Trungnam Group) and the Trung Nam WindPower Joint Stock Company signed contracts with partners on June 10 toimplement wind and solar power projects in the south central province of NinhThuan.

Nguyen Tam Thinh, a representative of the TrungNam Wind Power Joint Stock Company, said the wind power project will be carriedout in coordination with the Trung Nam Construction & EngineeringCorporation, the Power Engineering Consulting Joint Stock Company No. 4, theDuc Dung Design and Construction Consulting Joint Stock Company, the Lilama45.3 Joint Stock Company, and the Green Cosmos Marketing Pte Ltd.

Under the contract, the engineering, procurementand construction (EPC) package will be carried out in 20 months since thesigning date.

On the occasion, the Green Cosmos Marketing PteLtd also signed with Enercon group of Germany a contract on providing equipmentto install 45 wind turbine towers at the Ninh Thuan plant.

Besides, Trungnam Group and the Syntegra Solar InternationalAG inked a contract on the solar power project consultation and management.

At the signing ceremony, German Consul Generalof Germany in Ho Chi Minh City Andreas Siegel said Enercon and Syntegra Solarare two prestigious and major German groups specialising in wind and solarpower equipment provision.

The cooperation between Trungnam Group and thetwo groups will not only bring about benefits in terms of clean energydevelopment but also serve as a milestone in Vietnam-Germany economicpartnership in the renewable energy industry.

The construction of the Trung Nam wind powerplant began in August 2016 with total investment of 3.96 trillion VND (174.5million USD). The factory is set to have a capacity of 90 – 100 MW, generating286 million kWh. Phase I of this project is scheduled to be completed in thethird quarter of 2018 while phase II will finish in the second quarter of 2019.

Trungnam Group is also conducting a feasibilitystudy of a solar power project as part of the wind power project. The companysaid it may develop a 515MW solar power project in Ninh Thuan.-VNA
VNA
#Trungnam Group #wind power #solar power #Ninh Thuan province #wind turbine towers #Enercon #Syntegra Solar #Vietnam #Vietnamese #Vietnam news #updated Vietnam news #Vietnamplus #Vietnam News Agency Ninh Thuan
Follow VietnamPlus

Related News

Vietnam looks towards renewable energy development

Vietnam looks towards renewable energy development

Vietnam needs a long-term renewable energy development vision in line with international commitments to improve its economic efficiency and environmental quality, mitigate climate change and modernise industries.

See more

Workers process agricultural products for export. (Photo: VNA)

Vietnam's small business growth soars to a four-year high

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.

At the meeting between French Minister of Transport Philippe Tabarot and Vietnamese Minister of Construction Tran Hong Minh in Hanoi on March 21. (Photo: VNA)

French businesses show strong interest in Vietnam’s high-speed railway project: Minister

Minh also mentioned Vietnam’s ongoing construction of Long Thanh International Airport, which will have a total capacity of 100 million passengers per year upon completion. The airport is expected to become Vietnam’s largest and serve as an international gateway, offering new opportunities for global aviation businesses, including those from France, to expand their connections in Vietnam and ASEAN, he said.

The ground-breaking ceremony for the Hon La International Port on March 21 (Photo: VNA)

Quang Binh breaks ground on 90-million-USD international port

The port features comprehensive planning with modern warehouses, logistics areas, and technical facilities. Its strategic location in the sheltered Hon La bay, protected by Hon Co and Hon La islands, provides ideal natural depth for large vessels.

SMEs face many difficulties in accessing capital. (Photo: baokiemtoan.vn)

SMEs need support policies: insiders

With nearly one million businesses and around five million business households, the private sector contributes approximately 51% of the country's Gross Domestic Product (GDP) and over 30% to the State budget. However, most small and medium-sized enterprises (SMEs) face significant barriers in scaling up and enhancing their competitiveness.

Quang Ninh plans to develop four new industrial parks (Photo: VNA)

Quang Ninh to develop four new industrial parks

To attract investment for infrastructure development in these zones, the Quang Ninh provincial People's Committee is focusing on reviewing available land and making a list of projects to attract investors for technical infrastructure construction.

A Vietjet executive performs the ribbon-cutting ceremony for the Ho Chi Minh City - Bengaluru route launch. (Photo: baodautu.vn)

Vietnam’s leading airlines to open new routes to India

Vietnam's national flag carrier Vietnam Airlines plans to launch direct flights from Hanoi to Bengaluru and Hyderabad starting in May, while private carrier Vietjet has already commenced services connecting Ho Chi Minh City to these two major Indian hubs on March 18.

Inside a steel factory in northern Vietnam. Despite signs of recovery, the industry remains below 2021 production levels (Photo: VNA)

Steel sector faces challenges

Vietnam’s steel sector is grappling with mounting challenges, including a rising volume of Chinese steel exports, domestic oversupply and global trade barriers, experts warn.