The Department of Planning and Investment of the Mekong Delta province of Bac Lieu signed a Memorandum of Understanding with the South Korea-based SY Group to build a solar power project in Dong Hai District.

Under the MoU, the SY Group will construct a 400ha solar power plant in Long Dien Dong Commune, Dong Hai District, by June 2019 with a total investment of more than VND10.24 trillion, or over US$450.5 million.

The first phase of the project will have a capacity of 50MW while the second will bring the capacity up to 300MW.

It is the biggest solar energy project in Viet Nam so far, said the group’s chairman Hong Young Don. Once completed, it will help boost local social-economic development, he added.

Speaking at the signing ceremony, chairman of the provincial People’s Committee Duong Thanh Trung vowed the province would create best possible conditions for the investor to implement the project. — VNS