US$54 million solar power project planned for Binh Phuoc

The Binh Phuoc provincial People’s Committee has approved an investment plan for a 49-megawatt solar power project worth US$54 million, with funding from TaTa Power, an Indian power company, as announced on November 17.

Solar power development is Binh Phuoc province’s priority field for investment attraction.
Solar power development is Binh Phuoc province’s priority field for investment attraction.

The project will cover an area of 55 hectares in Loc Ninh district’s Loc Tan commune.

Shenbagam Manthiram, TaTa Power’s chief representative in Vietnam, stated that Binh Phuoc has a high number of sunshine hours, which he said is the motivation for his company to choose the province for its project.

The proposed project venue, Loc Tan commune, is relatively convenient in terms of transport infrastructure links and national grid connection, he said, asking the province to create favourable conditions so that the project could be completed by June 2019 aiming to take advantage of the Vietnamese Government’s incentives.

Chairman of the Binh Phuoc provincial People’s Committee, Nguyen Van Tram, welcomed TaTa Power’s investment in solar power development, which is the province’s priority field for investment attraction.

Binh Phuoc will provide the most favourable conditions, concerning the legal aspects, for the implementation of the project, he affirmed.

Tram assigned the Provincial Department of Industry and Trade and functional agencies to provide legal assistances so that TaTa Power could finalise all the necessary procedures as quickly as possible.

Binh Phuoc advocates rezoning over 20,000 hectares of land (forest land and rubber cultivation land with low economic efficiency) in Loc Ninh district into land for solar power development, whilst developing its land fund in order to attract investment in high-tech agriculture. Currently, the province is also calling for investment in the fields of renewable energy and clean power.