Work to begin on wind farms in Binh Dinh

Work on two wind-power plants will get under way next quarter in the central province of Binh Dinh, said Nguyen Ngoc Toan, deputy chief of Central Binh Dinh Province’s Economic Zones Management Board.

The two, with a total capacity of 51MW, are being built on the Phuong Mai Peninsula in the Nhon Hoi Economic Zone.

The 21-MW plant Phuong Mai No 3 is being built by the Central Region Wind-Power JSC at a cost of VND575 billion (US$27 million).

Site clearance is in progress and the investor is in talks for buying wind-power equipment.

The 30-MW Phuong Mai No 1 will be built by the Phuong Mai Windpower JSC at a cost of VND880 billion ($32.5 million).

Toan said the plant would begin generating electricity in the first quarter of 2012.

“These projects are a breakthrough in the development of renewable energy in the province,” he said.

The Binh Dinh People’s Committee has also approved a feasibility study by Nguyen Gia Co Ltd for building a wind-power plant with a capacity of between 120MW to 180MW.

“The province has many locations, especially along its coast, with enormous wind-power potential,” Toan added.

Government figures on renewable energy indicate that capacity will rise by around 5 per cent annually.

In 2015-25, Viet Nam hopes to develop alternative energy sources that can replace fossil fuels, with wind and solar power expected to account for half the output.

A study by the Government has found that land plots of around 17,400 hectares are appropriate for building wind-power plants.

Central Binh Dinh, Ninh Thuan, and Binh Thuan provinces are offering incentives for renewable-energy projects. — VNS

Tags:

Posted by VBN on Mar 24 2011. 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

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • India gold rose to 28,360 rupees per 10 grams, silver up to Rs 67,481 per kg
  • Gold advances toward record price on concern about slowing economic growth
  • Gold futures extended gains by more than 2% on Friday
  • Gold, copper seen opening a tad lower
  • U.S. gold futures jumped more than 1 percent to a high of $1,880
  • Gold spares lagging Paulson after August ructions
  • Spot gold rises 0.33 percent to $1,874.40 an ounce on Friday
  • Tanaka Kikinzoku Kogyo recycled a record 1.9 tonnes of gold in August

Sponsored

Looking for an overseas forex broker?