EPTC agrees to buy BCG solar power

bizhub

An Electricity of Viet Nam subsidiary and BCG Bang Duong Energy JSC on Monday signed a power purchase agreement for the latter’s 40MW solar power plant in Long An Province.

Nguyen Danh Son, director of the Electric Power Trading Company, and Pham Minh Tuan, general director of BCG Bang Duong Energy JSC, at the signing ceremony on October 29. — VNS Photo

An Electricity of Viet Nam subsidiary and BCG Bang Duong Energy JSC on Monday signed a power purchase agreement for the latter’s 40MW solar power plant in Long An Province.

Electric Power Trading Company is the monopoly buyer of electricity in the country.

It currently pays VND2,086 for a kilowatt hour of solar power.

The US$42 million solar plant in Long An’s Thanh Hoa District by BCG Bang Duong Energy JSC is under construction and slated for completion no later than June 2019.

Once completed, it aims to generate 60 million kWh of power annually.

In addition, Bamboo Capital Group, the parent of BCG Bang Duong, is building two other solar power projects in Long An: the 100MW GAIA plant and 50MW Sunflower plant.

BCG plans to next enter the Quang Nam Province electricity market with two plants on Phu Ninh and Khe Tan lakes with a total capacity of 400 MW. — VNS

 

  • Share:

see also

Lào Cai to become centre for regional trade cooperation

Lào Cai to become centre for regional trade cooperation

The plan is to turn the northern province of Lào Cai into a growth centre and one of the relatively developed provinces of the country by 2030.
UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.
UKs carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK''s carbon border adjustment mechanism will take effect in 2027.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.