Investors show interest in solar power projects in Khanh Hoa

09:20 | 06/06/2017 Industry

Investors have shown interest in solar energy sector in the central coast province of Khanh Hoa, with about 10 solar projects applying for investment licenses in the province.

investors show interest in solar power projects in khanh hoa
Experts from the ADB branch in Vietnam survey the location to build a solar power plant in Cam Lam district - Photo: MoIT

Local authorities considered the projects with great care, selecting only competent investors with advanced technology. Three projects in the field have been approved, according to the provincial Department of Planning and Investment. They include a 70-hectare plant in Cam Thinh Dong commune, Cam Ranh city with capacity of 60MW.

It is invested by the Song Giang Hydropower SJC at a total cost of more than 2 trillion VND (88 million USD). Another project of similar size will be located in Thuy Ba and Tan An hamlets, Cam An Bac commune, Cam Lan district. The 50MW project, covering 70 hectares, will break ground at the end of 2017 and be operational by the end of next year. The last is a 10 MW solar energy project in Cam Thinh Tay commune, Cam Ranh city that has total investment of more than 400 billion VND (17.6 million USD). It is expected to be capable of producing about 14.5 million KWh per year.

Khanh Hoa is also considering building a 100MW KN Van Ninh Solar Power Plant in Van Ninh district with a total investment of 2.4 trillion VND (105.6 million USD). If the project is approved by provincial authorities in principle, it will be assessed by the Ministry of Industry and Trade before submission to Prime Minister Nguyen Xuan Phuc. Also, Hong Kong-based firm Jinko Solar has proposed a 75-million-USD solar project in Cam An Bac and Cam An Nam communes.

Theo VNA