The Tra Vinh People's Committee has licensed Korean investor Woojin Construction Co., Ltd. to develop the $247.6 million second phase of the Korea-Tra Vinh wind power farm in Duyen Hai town.
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The Tra Vinh People’s Committee has licensed Korean investor Woojin Construction Co., Ltd. to develop the $247.6 million second phase of the Korea-Tra Vinh wind power farm in Duyen Hai town.
About $49.52 of this $247.6 million, equalling 20 per cent of the total investment capital, is the investor’s equity capital, while the remaining $198.08 million will come from loans.
Covering an over 2,400 hectare area of land and water surface, the plant will have 48 wind turbines, each rumbling with 2MW.
“Once the plant comes into operation, it will, in collaboration with other wind power plants, contribute to ensuring the energy security for the Mekong Delta region in general and the province in particular,” said Pham Van Re, deputy director of the Tra Vinh Economic Zone Management Authority.
“The investor has proved its sound finances, however, the management authority will ask them to submit a specific implementation schedule. We will be willing to co-operate with the investor to deal with difficulties arising during the construction process,” Re added.
In February, Woojin held the ground-breaking ceremony for the first phase of the Korea-Tra Vinh wind power plant. The $130 million first phase has a designed capacity of 48MW with 24 turbines, which will span over 1,200ha of land and water surface in Truong Long Hoa and Dan Thanh communes of Duyen Hai town.
Re stated that the first phase’s construction is being implemented on schedule. The management board is currently trying to hand over land for the investor to construct its administrative building.
The first phase is expected to start operation in February 2017 and generate an electrical output of over 173,000 MWh per year.
According to data released by the Ministry of Industry and Trade, a total of over 50 wind power projects have been registered but only 5 saw implementation, so far. Three of these, namely Tuy Phong in Binh Thuan, with a capacity of 30 MW, the 6 MW wind power project on Phu Quy Island also in Binh Thuan, and the 99 MW Bac Lieu plant, are generating commercially.
(Source: VIR)
