The Ho Chi Minh City-based Phu Cuong Corporation has unveiled plans to invest 436 million USD in building a 170MW wind power plant in the Mekong province of Soc Trang.
The Ho Chi Minh City-based Phu Cuong Corporation has unveiled plans toinvest 436 million USD in building a 170MW wind power plant in theMekong province of Soc Trang.
Speaking on the sidelines of awind-power conference held by the Swedish consulate in HCM City lastweek, Nguyen Viet Cuong, President of Phu Cuong Group, said work on theplant is scheduled to start in 2016 and it would start generating powerin 2017.
Initially 15 turbines with a total capacity of 30MW will be built in the coastal town of Vinh Chau at a cost of 75 million USD.
He said Phu Cuong Group has plans to build wind power plants with a total capacity of 800MW.
Atthe conference, Vestas Wind Systems, a Danish company producing windpower equipment and parts, signed an agreement to supply equipment forthe Vinh Chau plant.
A master plan for the development of windpower in Soc Trang has been approved by the Ministry of Industry andTrade, and the provincial People's Committee has issued a licence forPhu Cuong's project, Dau Tu (Vietnam Investment Review) newspaperreported. According to the ministry's General Department of Energy,nearly 50 wind power plants with a total capacity of 4,876MW have beenlicensed in the last three years. However, just three plants are up andrunning so far.-VNA
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