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Vinacomin Power Corporation starts the first solar power project

Vinacomin Power Corporation starts the first solar power project - 

Vietnam National Coal and Minerals Industries Holding Corporation (Vinacomin) has assigned the Vinacomin - Power Corporation to invest in the first solar power project with a capacity of 15MW and investment level of about US$ 15 million on the reservoir of Dong Nai 5 hydropower plant in Dong Nai province.

This event would become a kickoff of carrying out the roadmap of the decision No. 2068-TTg dated at November 25, 2015 of Prime Minister on approving the Strategy of Renewable energy development in Vietnam to 2030 and vision up to 2050.

The Decision No.2068-TTg states: "For the power generation company having a total installed capacity of power plants over 1000 MW (excluding BOT projects) must develop renewable energy projects (excluding hydropower project with a capacity of over 30 MW) with a rate of the total capacity not lower than 3% by 2020, 10% by 2030 and 20% by 2050.

At present, the total installed capacity of Vinacomin Power Corporation is 1,730 MW, so to meet a rate of 3%, the corporation must develop renewable energy projects with a capacity of at least 50 MW to 2020.

VietnamEnergy.vn

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