Denmark’s leading wind energy group Vestas and the Ho Chi Minh City-based investment group Phu Cuong have teamed up in developing a wind-power farm in the Mekong Delta province of Soc Trang.
They signed a memorandum of understanding to this effect on the sidelines of a seminar on wind power hosted by the Danish Embassy in Vietnam in Ho Chi Minh City on December 9.
Vestas will support Phu Cuong in capital, infrastructure construction and equipment and through the project making and the construction and operation process of the 436-million-USD farm, which has a total designed capacity of 170MW.
According to Nguyen Viet Cuong, President of Viet Cuong Group, the construction work on the farm’s first wind power plant with a capacity of 30 MW will begin in early 2016.
Once fully operational, the farm is expected to supply about 485 GWh of electricity per year for the southern region, especially Mekong Delta localities, Cuong said.
Previously, Vestas poured capital into a wind power development project in Central Binh Thuan province’s Phu Quy Island, which has a capacity of 6MW.
At the seminar, experts from Vestas, the Export Credit Agency and the Investment Fund for Developing Countries of Denmark informed Vietnamese investors about financial and technical assistance and design consultancies for wind power development in Vietnam. They also shared their experience in investment and management in the field.-VNA
They signed a memorandum of understanding to this effect on the sidelines of a seminar on wind power hosted by the Danish Embassy in Vietnam in Ho Chi Minh City on December 9.
Vestas will support Phu Cuong in capital, infrastructure construction and equipment and through the project making and the construction and operation process of the 436-million-USD farm, which has a total designed capacity of 170MW.
According to Nguyen Viet Cuong, President of Viet Cuong Group, the construction work on the farm’s first wind power plant with a capacity of 30 MW will begin in early 2016.
Once fully operational, the farm is expected to supply about 485 GWh of electricity per year for the southern region, especially Mekong Delta localities, Cuong said.
Previously, Vestas poured capital into a wind power development project in Central Binh Thuan province’s Phu Quy Island, which has a capacity of 6MW.
At the seminar, experts from Vestas, the Export Credit Agency and the Investment Fund for Developing Countries of Denmark informed Vietnamese investors about financial and technical assistance and design consultancies for wind power development in Vietnam. They also shared their experience in investment and management in the field.-VNA
