HCM CITY (VNS) — The HCM City-based Phu Cuong Corporation has unveiled plans to invest US$436 million in building a 170MW wind power plant in the Mekong province of Soc Trang.
Speaking on the sidelines of a wind-power conference held by the Swedish consulate in HCM City last week, Nguyen Viet Cuong, president of Phu Cuong Group, said work on the plant is scheduled to start in 2016 and it would start generating power in 2017.
Initially 15 turbines with a total capacity of 30MW will be built in the coastal town of Vinh Chau at a cost of $75 million.
|Represetatives of Vestas and Phu Cuong Group signing a memorandum of understanding for a wind farm project in Viet Nam. — Photo nangluongvietnam
He said Phu Cuong Group has plans to build wind power plants with a total capacity of 800MW.
At the conference, Vestas Wind Systems, a Danish company producing wind power equipment and parts, signed an agreement to supply equipment for the Vinh Chau plant.
A master plan for the development of wind power in Soc Trang has been approved by the Ministry of Industry and Trade, and the provincial People's Committee has issued a licence for Phu Cuong's project, Dau Tu (Vietnam Investment Review) newspaper reported. According to the ministry's General Department of Energy, nearly 50 wind power plants with a total capacity of 4,876MW have been licensed in the last three years. However, just three plants are up and running so far. — VNS