Mui Dinh project in Thuan Nam district is under construction (Photo: VNA)Ninh Thuan (VNA) – Thecentral coastal province of Ninh Thuan is speeding up the implementation ofwind power projects to soon connect them to the national grid and generateelectricity as an effort to turn the locality into a renewable energy hub ofVietnam.
Vice Chairman of the provincialPeople’s Committee Pham Van Hau said that the province has created the mostfavourable conditions for investors.
It has directed relevantdepartments and sectors and local authorities to help investors, especially inland clearance and social security and order, in order to ensure the wind powerprojects are carried out on scheduled.
Accordingly, investors will beexempted from land rent during the implementation of projects and benefit fromcorporate income tax rate of 10 percent. The corporate income tax will beexempted in four years and cut by half in the nine following years.Additionally, their projects will also be exempted from tariffs on importedgoods.
In addition, the committee hasalso intensified inspections over the implementation of the projects.
Hau said that the province has 16wind power projects approved by the Prime Minister and the Ministry of Industryand Trade so far. Among them, 12 received licences with combined capacity ofover 748 MW and a total registered capital of more than 22.57 trillion VND(969.4 million USD).
As scheduled, more than 82MW ofwind power from plants in Dam Nai (second stage), Mui Dinh, and Trung Nam willbe added to the national grid late this year.
Ninh Thuan is expected to attractinvestment in wind power projects with a total capacity of 1,429 MW and solarpower projects with a total capacity of 3,912MW between now and 2030.-VNA
Vice Chairman of the provincialPeople’s Committee Pham Van Hau said that the province has created the mostfavourable conditions for investors.
It has directed relevantdepartments and sectors and local authorities to help investors, especially inland clearance and social security and order, in order to ensure the wind powerprojects are carried out on scheduled.
Accordingly, investors will beexempted from land rent during the implementation of projects and benefit fromcorporate income tax rate of 10 percent. The corporate income tax will beexempted in four years and cut by half in the nine following years.Additionally, their projects will also be exempted from tariffs on importedgoods.
In addition, the committee hasalso intensified inspections over the implementation of the projects.
Hau said that the province has 16wind power projects approved by the Prime Minister and the Ministry of Industryand Trade so far. Among them, 12 received licences with combined capacity ofover 748 MW and a total registered capital of more than 22.57 trillion VND(969.4 million USD).
As scheduled, more than 82MW ofwind power from plants in Dam Nai (second stage), Mui Dinh, and Trung Nam willbe added to the national grid late this year.
Ninh Thuan is expected to attractinvestment in wind power projects with a total capacity of 1,429 MW and solarpower projects with a total capacity of 3,912MW between now and 2030.-VNA
VNA
