July 5 (Solar) – Vietnam’s Trung Nam Solar Power JSC will spend almost VND 5 trillion (USD 216.7m/EUR 185.1m) to build a 204-MW photovoltaic (PV) park in the South Central Coast region, the Viet Nam News reports.
The plant will be installed in Thuan Bac district, Ninh Thuan province, and will be co-located with the 90-MW wind farm in Loi Hai and Bac Phong communes. Trung Nam Solar, part of Vietnam’s Trung Nam Group, intends to launch construction works this weekend and put the facility on stream by June 2019, according to the report.
Once up and running, the solar park will generate between 401 million and 450 million kWh of electricity annually. Its output will be sold under a power purchase agreement (PPA) with Electricity of Vietnam’s (EVN) Electric Power Trading Company (EPTC), which was signed earlier this week. The off-taker wil buy the generated electricity at VND 2,086 per kWh.
Trung Nam Group operates in the construction, real estate, infrastructure and energy segments. Apart from the 90-MW wind park, the company owns two hydropower stations with a combined capacity of 118 MW, it says on its website.
(VND 10,000 = USD 0.433/EUR 0.370)