Korean firm to invest in $650-mln solar power plant in Vietnam

Thanh Nien News

Email Print


Leaders of SolarPark Korea Company works with Ha Tinh Province leaders on a solar power plant in the central province on October 14. Photo credit: Ha Tinh Online 
SolarPark Korea Company has announced its plan to build a US$650 million solar power plant in the central province of Ha Tinh. 
Executives and experts from the South Korean firm on October 14 met with the provincial leaders to discuss the plan and a possible site for the project, according to the provincial Investment Promotion Center.
According to the experts, two sites in Thach Ha District are suitable for the 300-megawatt plant, which is expected to take over an area of between 300 and 500 hectares (740-1,235 acres).
The company will hand over the plant, the first solar power project in Ha Tinh, to local authorities after 20-25 years.
Vietnam is on course to have an installed power capacity of 75,000 MW by 2020, with 46.8 percent at coal plants, 24 percent at gas-fired plants and 19.6 percent hydropower.
Renewables will make up 4.5 percent and nuclear power plants, 2.1 percent.

More Business News