At the ground-breaking ceremony. (Photo: VNA)Ninh Thuan (VNA) – Vietnamese BIM Group and AC Group, the energyunit of the Philippines’s Ayala Corporation, began construction of a solarpower plant (BIM 1 project) in Phuoc Minh commune, Thuan Nam district, thecentral coastal province of Ninh Thuan on January 23.
The project, covering 35 hectares, has a designed capacity of 30MWp with totalinvestment of 800 billion VND (35.4 million USD). More than 90,000 solar panelswill be installed at the plant together with other advanced technologies.
Upon completion in the third quarter of this year, the plant will contribute 50million kWh to the national grid yearly.
At the ground breaking ceremony, Chairman of BIM Group Doan Quoc Viet notedthat the plant is significant to ensuring energy security, mitigating theimpacts of climate change and bringing economic benefits to the nation.
AC Energy CEO Eric Francia said his company is interested in energy investmentin Vietnam and wants to become a pioneer investor in renewable energy.
Ninh Thuan province holds good solar energy potential as it has averagesunshine hours of 2,600-2,800 per year. The province is finalising a masterplan for solar energy from 2016 to 2020 with a vision to 2030, which aims togenerate some 2,000MW of electricity by 2020. -VNA
VNA
