|A view of Huong Linh 2 wind farm in Dakrong district.
More than a year after beginning its operations, Huong Linh 2 wind farm developed by Tan Hoan Cau Corporation JSC in Dakrong district, has made annual revenues of VND240 billion (US$10.45 million) and close to VND24 billion (US$1.04 million) in tax.
Nguyen Liem, deputy general director of the Tan Hoan Cau Corporation JSC, asserted that the Huong Linh 2 wind farm, designed with a capacity of 30 MW, has reached its target of power generation as projected.
Liem further said that the project has proved entirely effective and contributed to both local socio-economic development and environment protection.
In late 2018, construction began on a 50-MW photovoltaic solar project promoted by the Licogi 13 Infrastructure Mechanical Construction JSC in Gio Linh district. The Ministry of Industry and Trade had previously granted its approval by adding the project to local power development plan.
The project has been enjoying a number of investment incentives in terms of corporate tax, import duties, land lease, and others from local authorities.
In total, Quang Tri is home to 14 hydropower plants and one wind farm. Quoc Ho Hiep Nghia, deputy head of the provincial Department of Industry and Trade, said that the province is making concerted efforts to speed up administrative reform and infrastructure expansion.
These aim to attract additional investment in local power sector, especially in renewables projects.
Many energy developers have taken active part in the execution of local projects, said Nghia, unveiling that the province has set a target of luring some VND10 trillion (US$435 million) from private investors in energy projects.
Nguyen Quan Chinh, Vice Chairman of the provincial People’s Committee, said that Quang Tri, with great potential for developing renewables projects, has received lots of interest from investors. Many financiers are eyeing wind and farm power projects in the province.
Currently, Quang Tri is looking to develop the energy sector into an economic spearhead with a long-term vision of growing into a power hub for the central region, Chinh noted.