Vietcombank finances the Srepok 1 Solar Power Project

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Signing Ceremony of the Credit Contract for financing Srepok 1 Solar Power Project with a capacity of 50 MW between Dai Hai Investment and Development Joint Stock Company (Dai Hai Company), and the Joint Stock Commercial Bank for Foreign Trade of Vietnam - Thu Thiem branch (Thu Thiem Vietcombank) has just been held in Ho Chi Minh City.

Signing Ceremony of the Credit Contract for financing Srepok 1 Solar Power Project

The Srepok 1 Solar Power Project has been approved for investment by Dak Lak provincial people’s committee (PPC) since March 07, 2018. The project is invested by Dai Hai company on an area of 60 ha, in sub-area No 510, village No 9, Ea Wer commune, Buon Don district, Dak Lak province.

The total project investment is 1,200 billion VND including fixed capital of 1,190 billion and mobile capital of 10 billion. The project operation duration is 50 years from the date of issuing the decision on investment policy.

The project development has been based on Decision No 11/2017/QD-TTg of Prime Minister on policies to encourage the development of solar power projects with the aims to add significant clean energy to the national power system and ensure energy security, contributing to socio-economic development of the country.

According to the decision of Dak Lak PPC, the project is entitled to corporate income tax and land tax incentives. The finance of Thu Thiem Vietcombank for the solar power project once again confirms it's determination to stick close on the Government's direction, not only in supporting socio-economic development but also in ensuring energy security, contributing to conservation of resources, and minimizing environmental pollution.

VietnamEnergy.vn