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Gia Lai province hands the investment decisions for the two solar power projects

Gia Lai province hands the investment decisions for the two solar power projects - 

On May 28, 2018, at the Investment Promotion Conference -2018 between Gia Lai province and Ho Chi Minh city, Gia Lai Provincial People’s Committee (PPC) signed the memorandum of investment with 11 investors with a total registered capital of more than 17 trillion VND and handed the decisions on investment policy to 10 projects with a total registered capital of around 5 trillion VND, including Krong Pa and Krong Pa 2 solar power projects. 

The Krong Pa solar power project with a capacity of 49 MW and a total investment of 1,428 billion VND is invested by Gia Lai Electricity Joint Stock Company (under Ho Chi Minh city Thanh Cong Corporation). The Krong Pa 2 with the same capacity as 49 MW and a total investment of 1,131 billion VND, invested by Gia Lai Thanh Nguyen Energy Investment and Construction Company Limited. These projects will be developed in Chu Gu commune, Krong Pa district.

Gia Lai province is well known as an abundant solar energy location having an average number of sunny hours of 1900-2200 per year with a total radiation of 335-380 kcal/m2 and average daily radiation of 4.8 – 5.2 kWh/m2 that is very comfortable for developing solar power projects. According to a calculation the capacity of solar power projects in Gia Lai is about 4600 MW including about 2100 MW on the ground and over 2500 MW floating.

At the present, in Gia Lai, there is only a combined system of solar PV set with a capacity of 100 kW and micro-hydro power project with a capacity of 25 kW supplying electricity for above 400 households in Trang Village, Dak Doa district. This project has been funded by Japanese NEDO since 1999.

To implement the Decision No n11/2017 QD-TTg of Prime Minister, dated at April 11, 2017 on mechanism of encouraging the development of solar power projects in Vietnam, Gia Lai province has called for investment in this field. After successfully organizing the investment promotion conference in December 2016, responding Gia Lai PPC calls, many domestic and foreign investors came to invest in the field of solar power. Today Gia Lai PPC has agreed to allow 23 enterprises to survey and invest 32 solar projects in the province with a total estimated capacity of approximately 3,952 MW.

In particular, one project was approved by the PPC to supplement to the planning and investment policy with a total capacity of 49 MW, 8 projects are submitted to competent authorities for consideration and approval to additional planning with a total capacity of 579 MW, and 23 projects are surveying, studying for establishing the additional planning documents with a total estimated capacity of 3,313.5 MW.

Besides, there are 11 investors with 16 solar power projects carrying out survey, location selection and proposal to Gia Lai PPC to allow establishing documents of solar power projects for the additional planning with a total estimated capacity of 1,203MW.

VietnamEnergy.vn

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