Companies to invest $3.3 billion in solar projects in Vietnam's Daklak province

Companies to invest $3.3 billion in solar projects in Vietnam's Daklak
province

Vietnam's Daklak province on Saturday granted licences and signed
memorandums of understanding for the development of several solar power
projects worth a combined $3.3 billion.

Vietnam has been mostly reliant on coal-fired and hydro power plants to
accommodate its annual electricity demand growth of around 11 percent, but
wants to boost its renewable energy output amid rising resources scarcity
and environmental issues.

U.S. group AES Corporation signed an memorandum of understanding with the
province to invest $750 million in a solar plant with expected capacity of
300-500 megawatts.

Vietnamese private firm Xuan Thien Daklak on Saturday received a provincial
government licence to invest $2.2 billion in a 2,000-megawatt solar power
project in Daklak province in the Central Highlands.

South Korea's Solar Park Global also received a certificate to invest $45
million in a solar power project and Vietnamese Long Thanh Infrastructure
Development and Investment Company will invest $308 million in a
250-megawatt solar plant.

Indonesia, Thailand and Vietnam are seeking to secure sources of solar
energy and have introduced targets to fire up green energy generation as
global agreements to curb pollution take effect.

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Link to Original Article:
http://uk.reuters.com/article/vietnam-solar-idUKL3N1GO04I

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com