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Gia Lai PPC has approved the investment policy for the additional 150 MW WPPs

Gia Lai PPC has approved the investment policy for the  additional 150 MW WPPs - 

Gia Lai Provincial People's Committee (PPC) has just approved the investment policy for two wind power projects with a total capacity of 150 MW including Ia Le1project (in Ia Le commune) with a capacity of 100 MW and average annual generation of 320.683 GWh, invested by Cao Nguyen 1 Wind Power Development JS Company with 4,021 billion VND and 50 MW Nhon Hoa 2 project  (in Chu Don commune) invested by Nhon Hoa 2 Energy JS Company with 1,400 billion VND.

According to Gia Lai PPC decisions, the construction of these wind power projects will be started in early 2021 and put into commercial operation by the end of 2021. These projects also will inherit investment incentives and assistance in terms of land rent, personal income tax, and non-agricultural land use tax according to regulations.

After 12 months from the date of granting the investment policy Decision, if the investor will not implement the project or be unable to implement the project accordingly to the registered schedule, the Gia Lai PPC will take back the Decision in accordance with the regulations.

VER.

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