Renewables projects give fresh impetus to Dak Lak’s economic development

VOV.VN - The Central Highlands province of Dak Lak, one of the localities with the highest potential in Vietnam to utilize renewables, is expected to head into a new phase of development buoyed by solar and wind power projects.

renewables projects give fresh impetus to dak lak’s economic development hinh 0
A view of Se-re-pok1 photovoltaic power plant.

In early March, a long-awaited cluster of Se-re-pok1 and Quang Minh photovoltaic power plants came into operation after six months of construction. The cluster, covering some 120 hectares in Buon Don district, had been installed with a combined capacity of 100 MW.

According to Le Quang Minh, general director of Dai Hai Power Development and Investment JSC, the development of the power cluster has been a success, bringing about a number of fruitful outcomes. These positives have also given a partial push to socio-economic development in the mountainous province.

Most notably, the Se-re-pok1 project has so far provided the national grid with 20 million kWh since it initially came into operation in February. Moreover, the cluster is estimated to send the grid a total of 150 million kWh a year, enjoying revenues of VND300 billion (US$13 million) and contributing a total of VND30 billion (US$1.3 million) to the local budget. This means that each exhausted hectare inside the project could yield average revenues of close to VND3 billion (US$130,000).

Minh delighted the implementation of solar power projects in Dak Lak which would raise the value of one hectare by 30 to 40 times in comparison with agricultural production.

According to the provincial People’s Committee, recent surveys show that the locality could potentially gain 16,000 MW from installing solar power projects.

The survey and initial execution of six projects has so far been carried out. These projects, situated in the two frontier districts of Ea Sup and Buon Don, are designed with a combined capacity of 969 MW.

Adding to the Se-re-pok1 and Quang Minh power cluster, Dak Lak is expected to see an additional four photovoltaic power projects inaugurated in 2019.

In order to make the most of such potential in solar power, the Central Highlands province has defined additional highly-feasible projects which stretch over a total area of 7,500 hectares.

The locality has so far granted approval to power developers to review feasibility for 21 projects with an estimated capacity of 2,200 MW in total.

Huge potential for wind power is also another special advantage that the Central Highlands province enjoys. For instance, the HBRE wind power solution company expects to pump VND13 trillion (US$560 million) into completing an ongoing 436 MW wind farm cluster in Dak Lak.

“We expect to put five wind turbines into commercial operation within March and have a further 12 wind turbines connected to the grid in June”, said Nguyen Hoang Hiep, vice director of the HPRE firm.

Hiep added that his firm is making preparations to implement the second and third phases of the project and will submit them to the provincial People’s Committee for approval. It is expected that all the project items will be completed by 2022.

According to Tran Tuan Anh, Minister of Industry and Trade, Dak Lak province enjoys many advantages that can see it maximise its great potential with regards to renewables expansion.

Dak Lak is one of the localities recording the highest levels of solar radiation. Firms looking to enter the Dak Lak market and those who are currently developing their power projects in the province have made specific petitions relating to their projects.

The MoIT will scrutinise such petitions. It will work alongside other ministries and agencies to put forward appropriate proposals to the government in a bid to foster private investment inflows and further the development of the power sector in the province, the minister stated.

Anh said that the country currently has 121 renewables projects with the capacity aggregating to 10,000 MW granted with investment permissions. This is far beyond the target of 8,000 MW set for the power sector by 2020.

A number of ever-changing technologies and innovations are believed to have helped to cut down the costs of wind and solar power equipment, which is expected to give a boost to the development of renewables in Vietnam.

VOV

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