Vietnam: Investment pact to boost green energy

Vietnam: Investment pact to boost green energy

HBRE Wind Power Solution Ltd. and Huy Hoang Transportation & Logistics
Corporation signed a framework agreement for a comprehensive strategic
partnership to promote investment efficiency in renewable energy projects in
Vietnam.

HTL will become the contractor for the entire process from designing and
supplying materials and equipment to construction, testing, and handing over
to HBRE.

HBRE is the first company to invest in a wind power project in the Tay
Nguyen (Central Highlands) region.

The two companies will first cooperate to implement phase I of the Tay
Nguyen wind power project in Dak Lak province. HTL also will become an
investor in this project, buying a 25 percent stake for 150 billion VND
(7.14 million USD).

The plant will be located in Dlie Yang Commune, Ea H'Leo District, Dak Lak
province.

Some of the world's leading wind turbine manufacturers like VESTAS and GE
have assessed the Tay Nguyen region to have the highest potential for wind
energy in Vietnam with an average wind speed of 7-7.6 metres per second.

Licensed by the Dak Lak People's Committee, HBRE Wind Power Solution is well
prepared to implement the project, which will have an expected total
capacity of 120 MW, in three phases from now through 2020.

Phase I with a capacity of 28MW and costing nearly 1.4 trillion is expected
to generate electricity starting in June 2016. It will produce more than
100,000,000kWh per year.

After the third phase, it will become the largest wind farm in Vietnam with
a capacity to produce 400 million kWh per year, equivalent to the demand
from 200 thousand households.

The cooperation between HBRE and HTL will guarantee the progress as well as
quality of the Tay Nguyen wind farm project.

It is also a crucial step in a comprehensive strategic cooperation between
two parties in implementing green and clean energy projects in Vietnam in
future.

Tran Viet Hung, Deputy Head of the Central Highlands Steering Committee,
said: "Tay Nguyen has great potential for wind energy. According to a recent
study by the Ministry of Industry and Trade, Tay Nguyen accounts for 25
percent of the country's total wind power capacity.

"Concentrated in Dak Lak and Gia Lai provinces, there is a capacity to
produce 1350MW."

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Link to Original Article:
https://www.vietmaz.com/2017/03/investment-pact-to-boost-green-energy/?utm_s
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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com