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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