November 20, 2017 | 16:38 (GMT+7)
Binh Phuoc approves Indian-invested solar power project
The Southern province of Binh Phuoc announced on November 17 that it has approved an investment plan for a USD 54 million solar power plant project funded by Indian Tata Power Company.
The 49 megawatt plant will span 55 hectares
in Loc Tan commune, Loc Ninh district.
Photo for illustration: solarpower.vn
Shenbagam Manthiram, Chief Representative
Officer of Tata Power Company in Vietnam, said that the locality has good
conditions for the company to carry out the project, including many sunny
hours, convenient transport links and national grid connections.
Tata Power is asking the province to
facilitate the project so that it can complete it before June, 2019, he added.
Lauding the project, Chairman of the
provincial People’s Committee Nguyen Van Tram said he has asked local
Department of Industry and Trade and relevant agencies to support the company
with legal assistance so all necessary procedures can be finalized as soon as
possible.
He noted that the province will convert
more than 20,000 hectares of forest land and rubber cultivation areas with low
economic efficiency into land for solar power development in Loc Ninh district.
This will be made in tandem with branching
out land funds to attract hi-tech agriculture development, Tram stressed,
adding that the province is prioritizing investment in renewable power and
clean power.
Source: VNA