Ninh Thuan okays $500m wind power project

Authorities of the central province of Ninh Thuan have just agreed in principle a project by Trung Nam Investment and Construction Joint Stock Co. to develop a wind power project with total designed capacity of 200MW.

In a document signed last Friday by provincial chair Nguyen Chi Dung, the project will be carried out on the total area of 900 hectares encompassing two villages of Loi Hai and Bac Phong in Thuan Bac District.

Nguyen Hai Yen, marketing manager of Trung Nam Investment and Construction Joint Stock Co., told the Daily on Monday that the wind power project would require total investment of $500 million.

In a letter of commitment sent to the provincial government, the company also pledges to carry out another project manufacturing technical equipments to supply local wind power plants once its 200- MW wind power project is completed.

According to recent studies conducted by Trung Nam Company, Ninh Thuan Province has much potential for wind power with the average power velocity of some seven meters per second.

Vietnam has now attached importance to renewable energy. In its strategic plan for renewable energy development, the country targets renewable energy to account for 5 percent of the total power output by 2020 and up to 11 percent by 2050.

The amount of renewable energy currently accounts for some 3 percent.

According to Vietnam Renewable Energy Centre, Vietnam has the potential to generate as much as 100,000MW of wind power, with localities suitable for wind power development mostly located in coastal areas in central provinces such as Ninh Thuan and Binh Thuan. – Saigontimes

Tags: Ninh Thuan wind power project, Vietnam energy