The Binh Dinh Economic Zone (EZ) has granted an investment certificate to the South Korea-financed QN Joint Stock Company to develop a solar power plant.

The 48ha plant - the seventh in Binh Dinh Province and the second in the EZ - has total investment capital of more than VND1.6 trillion (US$70 million).

With a design capacity of 50MW, the plant is scheduled to be completed and become operational in June 2020, according to the provincial portal.

Local authorities expected the plant to make an effective contribution to the provincial economic development and facilitate the investment inflow from other South Korean firms.

In his speech at the licensing ceremony last week, Vice Chairman of the provincial People's Committee Nguyen Phi Long said his province would create favourable condition for the investor to implement its project as scheduled. — VNS