A power plant with a capacity of 500 MW will be built on Thac Ba Lake (Photo: VNA)Yen Bai (VNA) – The Solkiss Company ofthe Republic of Korea will invest in a solar power project in Thac Ba Lake in YenBinh district, the northern province of Yen Bai, a local official said.
Director of the provincial Department of Industryand Trade Truong Ngoc Bien said the project will combine wind, solar and waterenergy to produce electricity. The province and the RoK Company signed amemorandum of understanding (MoU) on the project early this year in Seoul.
According to the MoU, the province will assistthe investor in conducting necessary survey and research as well as in implementingthe project. The province will also negotiate with the Electricity of Vietnam(EVN) on electricity selling price.
The Solkiss Company will establish a YenBai-based Solkiss Company, and train local workers to work for the plant.
The company also pledged to bring more investorsto explore investment potential in Yen Bai province.
President of the Solkiss Company Do Young Woosaid the company will invest 25 trillion VND (1.1 billion USD) in building the powerplant with a capacity of 500 MW.
The Ministry of Industry and Trade expressedsupport of the investment project in the document No. 40/TB-BCT issued onFebruary 23, 2017.
Do Duc Duy, Chairman of the provincial People’sCommittee, called on the Government and relevant bodies to offer incentives forthe project because it applies advanced and environmentally friendlytechnology.
He also pledged that the province will create thebest condition for foreign investors, including Solkiss Company.-VNA
VNA
