Korean group Hanwha invests in solar project in Long An

VOV.VN - Korean group Hanwha signed a contract with Bang Duong-BCG Joint Venture on June 22 to develop a solar power project in southern Long An province.

korean group hanwha invests in solar project in long an hinh 0
The US$100 million plant will be built on an area of 125h in Thanh Hoa District, Long An province with a capacity of 100MW. It is expected to break ground on the first quarter of next year and generate electricity in 2019.

Accordingly, Bang Duong-BCG Joint Venture will call for domestic investment fund, apply for an investment licence, study and implement the project and negotiate with the Electricity of Vietnam (EVN) for electricity supply. Meanwhile, Hanwha group will supply technologies, technical equipment, installation and call for foreign investment in the project.

Representing Bang Duong-BCG Joint Venture, Mr. Nguyen Ho Nam believed that with Hanwha’s experience and state-of-art technologies in renewable energy, the project will be carried out on schedule, contribute to power supply’s output, help mitigate the negative effects of climate change, and accelerate environment protection and sustainable socio-economic development in Vietnam.

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