Binh Phuoc: over 12 trillion VND invested in solar power
More than 12 trillion VND (514.72 million USD) has been invested in a solar power project in the southern province of Binh Phuoc, said Director of the provincial Department of Planning and Investment Vo Sa.
More than 12 trillion VND (514.72 million USD) has been invested in a solar power project in the southern province of Binh Phuoc (Illustrative photo: VNA)
BinhPhuoc (VNA) – More than 12 trillion VND (514.72 million USD) hasbeen invested in a solar power project in the southern province of Binh Phuoc,said Director of the provincial Department of Planning and Investment Vo Sa.
Thecapital will be divided into three phases with a total designed capacity of upto 800MWp.
The firstphase will be carried out with an investment of 4.92 trillion VND whilst thesecond and third phase with over 7 trillion VND.
Invested by Hung Hai Group, the project has received the Government’spermission to utilise 4,000ha in the province’s Loc Ninh district to developsolar power.
To preparefor the project, Hung Hai Group started the building of a 220kV transmissionline to connect with the national grid upon the project’s completion. The 29kmLoc Ninh – Binh Long 2 line runs through Loc Thanh, Loc Tan, Loc Thien, LocThanh, and Loc Thinh communes in Loc Ninh district, and Thanh Luong commune inBinh Long town.
Accordingto experts, the province holds huge advantage to developsolar power, with an average of 2,700 sunshine hours per year.
Binh Phuoc province is working to transfer over 5,000ha of rubber treeswith poor economic values into land for solar power development.–VNA
The Quang Ninh Electricity Company is carrying out the installation of solar panels for 15 households residing on Tran island, Thanh Lan commune, Co To Island district, the northern province of Quang Ninh.
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