Vietnam: Japanese investor keen on Hau Giang solar energy plant

Vietnam: Japanese investor keen on Hau Giang solar energy plant

The Mekong Delta's Hau Giang province has confirmed that an investor is
seeking to invest in a solar energy power plant at a time to still be
determined.

Mr. Nguyen Van Quan, Deputy Director of the Hau Giang Department of Planning
and Investment, said the JinkoSolar International Development Ltd expressed
a willingness to build a solar energy power plant at an investment promotion
meeting with provincial leaders on October 24.

The plant would have total registered investment capital of VND1.2 trillion
($53.3 million) and cover 50 ha at a site in Hoa An commune, Phung Hiep
district.

Mr. Quan told VET that the investor has only met with provincial leaders and
proposed the project at this stage, so no timeframe has been agreed.

The plant will include solar modules and roof mounting systems and have a
capacity of 40 MW.

At the meeting a JinkoSolar representative said he hoped that site clearance
and compensation would be undertaken for construction to begin next year.

Mr. Nguyen Van Tuan, Deputy Chairman of the Provincial People's Committee,
said the province would create favorable conditions for JinkoSolar to build
the solar power plant and has asked the company to quickly submit a plan,
which the province will review before submitting a proposal to the Ministry
of Industry and Trade and the government.

The Provincial People's Committee previously approved the construction of a
solar power plant with total investment capital of more than VND1.5 trillion
($67.5 million) from the PetroVietnam SongHong Investment and Trading
Corporation.
Located in Hoa An commune, Phung Hiep district, the plant covers 55 ha and
will have a capacity
y of 36 MW and be put into operation in the second quarter of 2017.

Mr. Lu Van Hung, Chairman of the Provincial People's Committee, said
recently that local authorities are giving priority to investment projects
relating to the development of high-quality farm product markets, high-tech
industrial parks, concentrated breeding and freshwater aquaculture areas,
fruit preservation and processing, and eco-tourism.

Hau Giang has an area of 1,608 sq km and a population of over 800,000 people
and is some 240 km from the center of Ho Chi Minh City. It has attracted
3,710 enterprises with total investment of over VND43 trillion (over $1.9
billion) over the last 12 years, according to Ministry of Planning and
Investment, licensing 310 new enterprises every year, mainly in trade,
services and construction.

The province is now home to nearly 500 domestic projects worth VND120
trillion ($5.4 billion), up 7.4 per cent since 2004. The number of
foreign-invested projects in the province stands at 27 with total investment
capital of $800 million.

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Ref:
http://vneconomictimes.com/article/business/japanese-investor-keen-on-hau-gi
ang-solar-energy-plant

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com