Tata Power and ACWA Power set on renewable energy projects in Vietnam

Tata Power and ACWA Power set on renewable energy projects in Vietnam

Along with licensed projects, foreign investors, especially Tata Power and
ACWA Power, found new opportunities in the renewable energy sector in
Vietnam.

Notably, at the morning working session with provincial leaders, the
representatives of FECON group and ACWA Power proposed to develop three
renewable energy projects with the capacity of 50MW each.

On the same day, Tata Power from India expressed its desire to pour capital
into a solar power project with the capacity of 100 MW. With its experience
in the energy sector, Tata Power is confident on the feasibility of
developing the project.

The provincial leaders pledged to provide favourable conditions for these
firms during the studying as well as the construction process.

The above enterprises are familiar names in the Vietnamese energy sector.

Tata Power, an affiliate of Tata Group, is one of the leading power
businesses in India. Earlier, the company was granted permission by the
government to build Long Phu 2 thermal power plant, expected to cost US$2
billion, in Mekong Delta province of Soc Trang. With a capacity of 1,320MW,
Long Phu 2 plant is expected to become operational in December 2020.

Regarding ACWA, in early July, a consortium including Saudi Arabian ACWA
Power and the Republic of Korean Taekwang Power Holdings Co., Ltd.
officially received the investment certificate for the US$2.3-billion Nam
Dinh 1 thermal power project. It is the seventh foreign-invested power
project licensed in Vietnam since the country opened its doors to foreign
direct investment three decades ago.

The 1,200MW plant is an independent greenfield power project to be developed
on a build-operate-transfer (BOT) basis. It is part of the 2,400MW Nam Dinh
thermal power complex. The project is scheduled to commence construction in
early 2018. The first unit will enter commercial operations within 51
months, while the power facility will take 57 months.

Binh Thuan is considered a great potential for solar power development. The
province has approved investment studies in 30 other solar electricity
projects, Eco Seido and Da Mi solar plants of which have a respective
capacity of 40MW and 47MW and are getting approval from the Ministry of
Industry and Trade.

Binh Thuan has 40 locations suitable for solar power projects, mainly in Bac
Binh, Tuy Phong, and Ham Tan districts.

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Link to Original Article:
http://energy.einnews.com/article/396459721/uDmIPpKEWIDqyyht?lcf=2A7PCTa2-Ei
wAVwslDN-MQC06tONCNZ-s8_IkITijis%3D

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com