Foreign Investors to Build 900-MW Wind, Solar Power Plant in Vietnam

Foreign investors, including Siemens AG of Germany, Enfinity Group of Belgium, and JPMorgan Chase of the U.S. are seeking a suitable position to build a 900-MW wind and solar power plant in Vietnam’s central province of Khanh Hoa.

The foreign firms plan to invest US$2.4-billion in the project, the Vietnamese Ministry of Industry and Trade said on Jun 7.

Currently, those investors are conducting surveys on five areas in Van Ninh and Cam Lam districts and Cam Ranh Township to prepare for the project.

Vietnam boasts a huge potential to develop solar and wind energies. The country has up to between 2,000 hours and 2,500 hours of sunshine a year while as much as 8.6% of its total area is suitable for developing wind energy.

Tags: Vietnam energy, Vietnam solar power plant

Posted by VBN on Jun 11 2010. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry