Korean firm to invest in US$650-mln solar power plant in Vietnam

09:43 | 21/10/2015 Investment

SolarPark Korea Company has announced its plan to build a US$650 million solar power plant in the central province of Ha Tinh.

Korean firm to invest in US$650-mln solar power plant in Vietnam

Executives and experts from the Republic of Korea's firm recently met with the provincial leaders to discuss the plan and a possible site for the project, according to the provincial Investment Promotion Center.


According to the experts, two sites in Thach Ha District are suitable for the 300-megawatt plant, which is expected to take over an area of between 300 and 500 hectares (740-1,235 acres).


The company will hand over the plant, the first solar power project in Ha Tinh, to local authorities after 20-25 years.


Vietnam is on course to have an installed power capacity of 75,000 MW by 2020, with 46.8% at coal plants, 24% at gas-fired plants and 19.6% hydropower.

Renewables will make up 4.5% and nuclear power plants, 2.1%./.

Source: VOV/Thanhniennews

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