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Approving investment in Phan Lam 2 solar power project

Approving investment in Phan Lam 2 solar power project - 

Binh Thuan Provincial People's Committee (PPC) has issued the Decision on approving for Phan Lam Energy Company to invest Phan Lam 2 solar power plant with a capacity of 49 MWp and a total investment capital of 1,202 billion VND on an area of 58.8 ha in Phan Lam commune, Bac Binh district, Binh Thuan province. 

The implementation progress of the project is divided into 3 phases:

Phase 1 from August/2018 to October/2018 to complete the land and environment procedures, construction permit certification, detailed design; and select EPC contractors.

Phase 2 from November/2018 to April/2019 to import equipment, construct infrastructure objects, install equipment and carry out tests.

Phase 3 in June/2019 to implement the testing operation, check and take over the project and put it into operation.

According to Binh Thuan PPC, Phan Lam 2 solar power project belonging to the special investment incentives is developed in an area with difficult socio-economic conditions of Binh Thuan province, therefore Phan Lam Energy Co Ltd., will enjoy incentives in accordance with current laws.The duration of the project is 50 years.

Binh Thuan is a province with the highest solar energy potential in Vietnam, it has the average number of sunshine hours higher than the average number in the southern Vietnam and stable radiation that is very suitable and convenient for developing solar power.

According to calculations in the planning of solar power development of Binh Thuan province, the total planned potential capacity of solar power here can reach 5,321.5MWp.

It expects that approximately 828 MW with 1.270 million kWh, 2,642 MW with 4,055 million kWh, and approximately 4,520 MW with approximately 6,936 million kWh will be operated respectively by 2020, 2025 and 2030.

VietnamEnergy.vn

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