SKorean group to build $450 million solar power plant in Bạc Liêu

Update: September, 18/2017 - 09:00
Leaders of Bạc Liêu Province and SY Group sign MoU to build a solar power project in the province. — Photo
Viet Nam News

BẠC LIÊU — The Department of Planning and Investment of the Mekong Delta province of Bạc Liêu signed a Memorandum of Understanding with the South Korea-based SY Group to build a solar power project in Đông Hải District.

Under the MoU, the SY Group will construct a 400ha solar power plant in Long Điền Đông Commune, Đông Hải District, by June 2019 with a total investment of more than VNĐ10.24 trillion, or over US$450.5 million.

The first phase of the project will have a capacity of 50MW while the second will bring the capacity up to 300MW.

It is the biggest solar energy project in Việt Nam so far, said the group’s chairman Hong Young Don. Once completed, it will help boost local social-economic development, he added.

Speaking at the signing ceremony, chairman of the provincial People’s Committee Dương Thành Trung vowed the province would create best possible conditions for the investor to implement the project. — VNS