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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