A
Singaporean company plans to tap the potential for wind power in southern
Vietnam.
Southeast
Asia’s leading renewable energy developer,
The Blue Circle, has been awarded an Investment Certificate from Vietnamese
authorities for a 40 Megawatt (MW) Dam Nai wind project worth $60 million in
the southern province of Ninh Thuan.
The
Singapore-based wind energy specialist,
along with its Vietnamese partner TSV, have received an investment allowance
for the wind project as well as a Power Purchase Agreement with Vietnam’s
national utility, EVN, after having been granted land-use permission by
provincial authorities for 16 months, according to The Blue Circle’s official
website.
The Blue
Circle installed a 100 meter-tall meteorological mast on the 933-hectare site
along National Highway No.1 in May 2015 to gauge wind velocity. The site was
approved in Ninh Thuan's Energy Development Master Plan, along with grid
capacity for the project.
The Blue
Circle CEO Olivier Duguet said that: “This approval for 40MW is only the first
phase of the total project. With the grid connection on site, as well as very
good wind speeds, the Dam Nai project has all the attributes to succeed even in
a low Feed-In-Tariff environment.”
“It is a
great achievement and recognition of the professional development work which
has been done by our team in Vietnam during the last three years,” the CEO
added.
The company
will conduct engineering studies as the following step and construction of the
plant is scheduled to begin in 2017 for the first phase.
“With less
than 120 MW of wind power installed in the country so far, the Dam Nai project
will position The Blue Circle as one of Vietnam’s wind energy pioneers, able to
significantly contribute to the ambitious target set by the government. We
intend to fully participate in the wind power expansion in Vietnam going forward and make wind energy become
a reality in a country with big potential,” explained Gilles Beau, chief
evelopment officer of The Blue Circle.
In
pursuance of the Paris Climate Conference signature, Prime Minister Phuc has
set a new target of 4,000 MW generated from wind power by 2025 which positions
the country as potentially the largest market for wind power in Southeast Asia.
The Blue
Circle is a developer of renewable energy projects in
Thailand, Vietnam, Indonesia and Cambodia. Based in Singapore, the company
works to bridge the gap in project development in Southeast Asia by being
vertically integrated with unique regional wind engineering capabilities.
Reference
source: e.vnexpress.net
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