Ninh Thuan to have four new wind power plants by year-end
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Ninh Thuan to have four new wind power plants by year-end

Economy, Vietnam, Vietnam Finance News

VNA
Sunday, October 21, 2018 – 18:45:00 Print

A wind power farm in Ninh Thuan. (Photo: VNA)



Hanoi (VNA)
– Four wind power projects are scheduled to be
completed in the south central province of Ninh Thuan by the end of 2018,
according to the provincial People’s Committee.

They include the second phase of the Dam
Nai wind power plant in Ninh Hai and Thuan Bac districts, 37.6MW Mui Dinh plant
in Thuan Nam district, 105.75MW Trung Nam and 40.5MW Cong Hai plants in Thuan
Bac district.

The first phase of Dam Nai wind power
plant in Ninh Hai and Thuan Bac districts has become operational with first
turbines installed in August
last year. Covering an area of 9.6 hectares, the
Dam Nai wind power project has a total investment 80 million USD. Its
construction began in April 2017. 

The 40 MW project consists of 16 wind
turbines, supplied by Spain’s Gamesa and installed by Vietnam’s TSV Joint Stock
Company and Singapore’s renewable developer The Blue Circle.

By the end of September, Ninh Thuan had 15 more solar power projects
with a total designed capacity of 1,100 MW. These projects will bring the total
number of the projects of this kind in the province to 29, with a combined
capacity of over 1,938 MW.

Since the beginning of this year, construction has started on 16 projects
which are expected to be finished before 2019.

Aiming to become the country’s renewable energy hub, the province is
promoting investment attraction and creating the best possible conditions for
investors to accelerate the progress of renewable energy projects.

Accordingly, investors operating in renewable energy will be
exempted from land rent during the implementation of projects and benefit from
corporate income tax rate of 10 percent. The corporate income tax will be
exempted in four years and cut by half in the nine following years.
Additionally, their projects will also be exempted from tariffs on imported
goods. –VNA 

QBCA

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