Vietnam: Construction of the super solar power project in Ninh Thuan will be started this year

Vietnam: Construction of the super solar power project in Ninh Thuan will be
started this year

Thiên Tan Construction Investment Joint Stock Company and Ninh Thuan
Provincial People's Committee (PPC) just had a working meeting on situation
of deploying Thien Tan solar power project in Ninh Thuan province.

Thien Tan solar power project will be constructed on an area of 1400 ha in
Phuoc Trung commune, Bac Ai district, Ninh Thuan province. The project with
a total investment of over $ 2 billion will be divided by 5 plants and
developed by stages.

The first plant, capacity of 50 MW will be constructed in 2017 and put into
operation 2018.

Thien Tan Company expects to complete all the five plants, among them the
forth and fifth ones have a capacity of 300 MW, by 2020.

So far, Thien Tan company has completed several investment implementing
works as: signing contracts for purchasing solar panels from First Solar
Group with a value of hundreds of US$; ensuring financial capability;
surveying, setting up topographic maps; establishing documents for project
environmental impact assessment.

At the working meeting, Thien Tan Company expressed its desire for Ninh
Thuan PPC leaders to create all the favorable conditions, especially issue
the prices for compensation lands, for Thien Tan Company to start the
project construction in 2017 as planed.

Regarding Ninh Thuan PPC, Mr. Pham Van Hau, Vice Chairman high appropriated
the solar power project in socio-economic development of Ninh Thuan province
and considered successful achievement of the project will be an important
impulse for domestic and foreign investors in renewable energy development
in Vietnam.

"In coming time, Ninh Thuan PPC will direct relevant provincial departments
and agencies to remove obstacles, resolutely solve outstanding problems and
create favorable conditions for Thien Tan Company to implement project soon"
Mr. Hau said.

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Link to Original Article:
http://nangluongvietnam.vn/news/en/investment-activity/construction-of-the-s
uper-solar-power-project-in-ninh-thuan-will-be-started-this-year.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com