Binh Dinh licenses solar wind power project

Construction of the Fujiwara Solar Wind Power project to begin this quarter, with the first phase to be operational by the first quarter of 2019.

The Binh Dinh Provincial People’s Committee has granted an investment license to the Fujiwara Solar Wind Power project, which has total investment capital of $63.69 million.

The project is 100 per cent foreign-invested by Japan’s Fujiwara Corporation and located on Phuong Mai Mountain at the Nhon Hoi Economic Zone on an area of 60 ha and with a capacity of 100 MW. The operating period is 50 years.

This project will be deployed during the second quarter and is expected to enter its first operational phase in the first quarter of 2019, producing 64 MW of solar power. The second phase, with additional investment in the 36 MW wind power plant, is expected to enter into operations in the first quarter of 2020.

The production of solar and wind energy is a field the Vietnamese Government strongly encourages.

When put into operation, the project will create stable employment for more than 100 people and contribute to the local budget and stabilizing social security. It will also involve landscaping work, which will attract tourists to Binh Dinh.

Various national and international investors are interested in solar power wind power in the south-central province. Eighteen investors have projects registered and six have been licensed to build.

This is the second Japanese foreign direct investment (FDI) project at the Nhon Hoi Economic Zone and the 12th in Binh Dinh, bringing the total FDI from Japan to nearly $100 million. Other projects include a factory for furniture production belonging to Japan’s Marubeni Lumber Joint Stock Company.

Binh Dinh expects to attract huge investment capital from foreign investors at the Nhon Hoi Economic Zone.

by Hai Van / VET