USTDA supports wind power development in Vietnam

(VOV) - The US Trade and Development Agency (USTDA) on March 26 awarded a US$700 million grant to the Cong Ly Construction-Trade-Tourism Company Ltd. to carry out the 300-megawatt (MW) wind power project in Vietnam, the third phase of the Bac Lieu Wind Farm project.

A US$1 million will also be granted for feasibility study to assist Cong Ly Ltd., a private sector firm that operates the only near-offshore wind project in Vietnam, in its efforts to develop phase 1 of the Bac Lieu Wind Farm.

ustda supports wind power development in vietnam hinh 0

To Hoai Dan, Cong Ly Company Director, said commercial operation for phase 1 of the Bac Lieu Wind Farm which used 10 US manufactured wind turbines from General Electric (GE) has generated more than 60,000MW. Fifty two (52) GE turbines are being installed in Phase 2 and expected to generate electricity on April 30.

Bac Lieu Wind Farm has received US$1 billion fund from the US Export-Import Bank and the Vietnam Development Bank (VDB).