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The Phuoc Ninh solar power plant is expected to supply about 75 million kWh of
electricity after being put into operation, using solar panels and a 40MVA
substation. Construction on the plant has been completed and it is ready for
equipment to be installed so that it can begin operation in June.
Early in April 2019, the Ninh Thuan Energy Industry JSC – a member of T&T Group
and the Electricity Power Trading Co (EVN EPTC) – an arm of Vietnam Electricity
(EVN) group inked a power purchase deal for its solar power projects.
Under the deal, the Ninh Thuan Energy Industry JSC will sell electricity to EVN
EPTC with the price regulated in Prime Minister Nguyen Xuan Phuc’s April 2017
Decision on mechanisms to encourage the development of solar power projects in
Vietnam.
For Ninh Thuan, the State has also offered incentives and preferential
policies to ensure its socio-economic development in 2018-2023, including
to facilitate the development of solar power projects.
Ninh Thuan aims to become the renewable energy centre of the country. Blessed
with abundant sunshine and wind year-round, the province is home to 25 solar
power projects.
The province has a high level of sunshine hours (2,467) per year and solar
radiation per square metre (1,700kWh), making it ideal for solar energy
projects.
Under the province’s green energy plan, it is expected to reach a total capacity
of 1,500MW in wind energy and 3,912MW in solar energy by 2030.
Source: VNA
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