A graphic image of buildings with solar panels on the roof, which will generate power. — Photo cafef

QUANG NAM (Biz Hub) — G.T. & Associates and Marshall & Street Ltd from the United Kingdom has proposed building a solar power plant, in the central province of Quang Nam, the province's website reports.

The entire projected is expected to cost US$225 million.

The first phrase of the plant, worth approximately $75 million, will have a capacity to produce 50 MW of power, while the second phrase, valued at $150 million, will produce 100 MW of power.

During a working session with the two enterprises last week, Quang Nam authorities vowed to create the most favorable conditions for investors to seek out a 300-ha area in the province's Thang Binh District to develop its project.

Earlier in August, construction of Viet Nam's first solar power plant began in the central province of Quang Ngai. Located in Mo Duc District, the 19.2 megawatt project is set to cost VND900 billion ($41 million).

Further, it will become the first ‘green' power source connected to the national grid when it comes into operation in July 2016.

The Ministry of Industry and Trade is now drawing up incentives to assist solar energy and will submit plans to the Prime Minister for approval later this year. — VNS