Binh Phuoc approves Indian-invested solar power project

The southern province of Binh Phuoc announced on November 17 that it has approved an investment plan for a US$54 million solar power plant project funded by Indian Tata Power Company.

The 49 megawatt plant will span 55 hectares in Loc Tan commune, Loc Ninh district.

Shenbagam Manthiram, Chief Representative Officer of Tata Power Company in Vietnam, said that the locality has good conditions for the company to carry out the project, including many sunny hours, convenient transport links and national grid connections.

The southern province of Binh Phuoc has approved an investment plan for a US$54 million solar power plant project
Tata Power is asking the province to facilitate the project so that it can complete it before June, 2019, he added.

Lauding the project, Chairman of the provincial People’s Committee Nguyen Van Tram said he has asked local Department of Industry and Trade and relevant agencies to support the company with legal assistance so all necessary procedures can be finalised as soon as possible.

He noted that the province will convert more than 20,000 hectares of forest land and rubber cultivation areas with low economic efficiency into land for solar power development in Loc Ninh district.

This will be made in tandem with branching out land funds to attract hi-tech agriculture development, Tram stressed, adding that the province is prioritising investment in renewable power and clean power.

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