Binh Phuoc: over 12 trillion VND invested in solar power
More than 12 trillion VND (514.72 million USD) has been invested in a solar power project in the southern province of Binh Phuoc, said Director of the provincial Department of Planning and Investment Vo Sa.
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| More than 12 trillion VND (514.72 million USD) has been invested in a solar power project in the southern province of Binh Phuoc (Illustrative photo: VNA) |
The capital will be divided into three phases with a total designed capacity of up to 800MWp.
The first phase will be carried out with an investment of 4.92 trillion VND whilst the second and third phase with over 7 trillion VND.
Invested by Hung Hai Group, the project has received the Government’s permission to utilise 4,000ha in the province’s Loc Ninh district to develop solar power.
To prepare for the project, Hung Hai Group started the building of a 220kV transmission line to connect with the national grid upon the project’s completion. The 29km Loc Ninh – Binh Long 2 line runs through Loc Thanh, Loc Tan, Loc Thien, Loc Thanh, and Loc Thinh communes in Loc Ninh district, and Thanh Luong commune in Binh Long town.
According to experts, the province holds huge advantage to develop solar power, with an average of 2,700 sunshine hours per year.
Binh Phuoc province is working to transfer over 5,000ha of rubber trees with poor economic values into land for solar power development.
