Ground is broken for the Phu My solar power project in Binh Dinh Province on May 29. — Photo nld.com.vn

Clean Energy Vision Development JSC, a subsidiary of Bamboo Capital Group, on May 29 broke ground for the Phu My solar power plant in Binh Dinh Province’s Phu My District.

To be built in My An and My Thang communes, the 330MW plant is the largest of its kinds in the province and will cost over VND6.2 trillion (US$266.9 million).

It will have three solar farms with capacities of 120MW, 110MW and 100MW. When it is completed by the end of this year its output is expected to be around 520 million kWh per year while reducing 146,000 tonnes of CO2 emissions a year.

Speaking at the groundbreaking, Pham Minh Tuan, CEO of BCG Energy and Clean Energy Vision Development JSC, said: “Viet Nam will face a serious power shortage as consumption rises faster than new supply.

“It is expected that Viet Nam will lack about 20 billion kWh of electricity in 2020 and the number will double in 2025.

“Therefore, in recent years, BCG Energy has constantly focused on research and implementing renewable energy projects to provide alternative sources of supply.

“We have tied up with leading partners in the solar industry in terms of technology solutions, engineering structures, construction options, environmental solutions, and local energy demand analysis and research, from which [we] boldly proposed to invest in a large-capacity renewable energy plant such as the Phu My solar power plant."

BCG Energy is one of the pioneers in clean energy development in Viet Nam.

In recent years it has focused on research and implementing solar power, rooftop solar, wind energy, and LNG liquefied natural gas projects. — VNS