Vietnam: Natcore's 200 MW Vietnam Solar Project Receives Essential Government Approvals

Vietnam: Natcore's 200 MW Vietnam Solar Project Receives Essential
Government Approvals

A US$300 million solar project managed by Natcore Technology Inc. (TSX-V:
NXT; OTCQB: NTCXF) has been included in the list of selected projects for
the development of solar energy in Vietnam's Binh Thuan Province of Vietnam,
and has been approved by the Province People's Committee.

Only projects listed and approved in this manner can be developed in Binh
Thuan Province. EVN is the largest power company in Vietnam, with an
installed electricity generation capacity of 23,579 MW and a transmission
network of 13,597 miles (as of 2015). MOIT is the Vietnamese government
ministry responsible for the advancement, promotion, governance, regulation,
management and growth of industry and trade.

The 200MW project will be completed in several phases. By developing the
project in tranches, Natcore and its partners will be able to generate
revenue before the entire project is completed. The first site would occupy
95 hectares (235 acres).

At the request of financial institutions, including banks and investment
funds, Natcore has completed these documents for submission:

Feasibility Study for a Preliminary Project of 56.18 MW;
Business Plan;
A partial Information Memorandum.
Land Use Agreement;
Natcore is working on the project with a European developer of international
renewable energy projects and a Vietnamese consortium. A holding company
will be formed to develop the project.

This project is an outgrowth of Natcore's "Best of Breed" program, under
which the company functions as a consultant on the design and construction
of solar cell/solar panel fabrication facilities and solar power farms. As
part of this service, Natcore recommends a selection of manufacturing
equipment to its clients. For the Vietnam project, Natcore has already
received offer from suppliers of these components and services:

Modules
Inverters
Design, engineering and supervision
Engineering, Procurement and Construction (EPC)
Electrical Substation

Natcore first announced the project on 8/16/16, when the company and its
partners signed a Memorandum of Understanding. Natcore will be compensated
on a "cost-plus" basis and with licensing fees for its technology as it is
provided.

"We're extremely excited about the rapid advancement of this project and our
achievement of these key benchmarks," says Natcore President and CEO Chuck
Provini. "We expect to travel to Vietnam in the near future to finalize the
next steps with our local partners."

About Natcore Technology

Natcore Technology is focused on using its proprietary nanotechnology
discoveries to enable a variety of compelling applications in the solar
industry. Specifically, the company is advancing applications in laser
processing, black silicon and quantum-dot solar cells to significantly lower
the costs and improve the power output of solar cells. With 65 patents (31
granted and 34 pending), Natcore is on the leading edge of solar research.

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Link to Original Article:
http://www.natcoresolar.com/news/natcores-200-mw-vietnam-solar-project-recei
ves-essential-government-approvals/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com