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Bạc Liêu attracts investors for renewable energy

Update: January, 18/2018 - 12:00
Wind power turbins in Bạc Liêu Province. Many firms are keen on investing in renewable energy in the southern province. — VNA/VNS Photo Duy Khương
Viet Nam News

HÀ NỘI — Many firms are keen on investing some VNĐ100 trillion (US$4.4 billion) in renewable energy projects in southern Bạc Liêu Province, according to the provincial authority.

These include Phương Anh Company, which plans to invest VNĐ15.94 trillion in Hòa Bình 1 wind power project, and Đông Á - Vatenergy Company, which wants to invest VNĐ13 trillion in Đông Hải 1 wind power project.

Japan’s UIVN is keen on investing VNĐ13.7 trillion in Đông Hải 2 wind power project, while Ecotech Việt Nam, in partnership with the United States’ General Electric, is planning to invest VNĐ20 trillion in Đông Hải 3 wind power project.

Bạc Liêu has a 56km-long coastline with stable wind power - an advantage to develop renewable energy.

Dương Thành Trung, chairman of the provincial People’s Committee, said Bạc Liêu wanted to attract investments in sectors that had the potential and advantage, such as hi-tech agriculture, especially shrimp farming, renewable energy, high-quality trade, services, tourism, education and healthcare.

The province’s high-technology agriculture specialising in shrimp farming has lured 20 enterprises. Bạc Liêu is striving to become a hub of shrimp production in Việt Nam.

To promote investment, Bạc Liêu will organise a large-scale investment promotion conference on January 29-30 that is expected to attract more than 500 participants. This will be the first such conference in the province since it was established more than two decades ago.

The conference is only one of a series of events. Other highlights will include the inauguration ceremony of a hi-tech shrimp-farming centre, the start of the third phase of the Bạc Liêu 3 wind power plant and the unveiling of the world’s largest shrimp statue. — VNS




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