The Bac Lieu provincial Department of Planning and Investment and SY Group sign a memorandum of understanding on the Korean firm's investment in a solar power plant in September (Photo: tapchithongtindoingoai.vn)
BacLieu (VNA) – The SY Group from the Republic of Korea has opened arepresentative office in Bac Lieu city of the Mekong Delta province of BacLieu.
SY operates in multiple industries such asconstruction materials, architecture, colour-coated steel and energy.
At an inauguration ceremony for the office lastweek, Deputy Director of the provincial Department of Planning and InvestmentTran Thanh Hai said Bac Lieu will provide the best possible conditions for thegroup.
Theprovince will support businesses and investors since their development alsomeans growth for the locality, he stressed.
The SY Group is carrying out a solar power plantin Long Dien Dong commune of the province’s Dong Hai district.
Covering 400ha, the project will be implementedfrom 2017 to June 2019 at a total cost exceeding 10.24 trillion VND (450million USD). It will have total capacity of 300MW when fully operational.
This is the biggest solar energy project inVietnam so far, according to Chairman of the SY Group Hong Young Don.-VNA
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The Bac Lieu provincial Department of Planning and Investment and SY Group sign a memorandum of understanding on the Korean firm's investment in a solar power plant in September (Photo: tapchithongtindoingoai.vn) 
