Handing the investment license for Nhon Hai Solar Power Project

Handing the investment license for Nhon Hai Solar Power Project - 

On April 5, 2019, at the regular meeting for contracting with enterprises in April, Ninh Thuan Provincial People's Committee (PPC) handed over the Decision on investment policy to Nhon Hai solar power project for for Ninh Thuan Licogi 16 Renewable Energy Investment Joint Stock Company. 

The Nhon Hai Solar Power Project with a capacity of 35 MWp and a total investment level of 854 billion VND will developed on an area of 42 ha in Nhon Hai commune, Ninh Hai district, Ninh Thuan province. According to the investor, the project will be completed within 24 months from the date of receiving the investment policy.

The progress schedules of the project should be specified as follow: compensation for ground clearance in March – April/2019, starting construction in July/2019 and completed the project in July/2020, commercial operation in January 2021.

In case, if the project satisfies the prescribed criteria on scale and standards, Licogi 16 Joint Stock Company will be exempted from the land rent for the whole lease term (from the time of completing the relevant procedures), the tax of non-agricultural land use, and will get the exemption - reduction incentives for corporate income tax.

Ninh Thuan PPC requires project investors not to transfer projects under any form of investment to other investors in the preparation, implementation and finishing construction to put the project into operation.

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