10:45 | 16/03/2018 Industry
The Quang Tri provincial People’s Committee has approved an investment plan for the construction of the Huong Phung hydropower plant in Huong Phung commune, Huong Hoa district, with a total investment capital of approximately VND600 billion (US$26.4 million).
The hydropower plant will feature two turbines with a combined capacity of 18 megawatts, which are expected to produce an average power output of more than 76.8 million kWh per year.
The Quang Tri Energy Joint Stock Company, the investor of the project, will fulfil procedures concerning investment licenses and land clearance from now until September 2018, before breaking ground on the construction work this October.
The Huong Phung hydropower plant is scheduled for completion and connection to the national grid in the first quarter of 2021.
Huong Phung is an extremely difficult commune, therefore, the investor enjoys several incentives, in terms of corporate income tax, land rental, and land use tax.