PV MAGAZINE - A unit of utility Electricity of Vietnam (EVN) has announced plans to build two projects totalling 350 MW of solar capacity in southeastern Vietnam.
Group subsidiary Power Generation Corp. 3 (Genco 3) wants to build the projects on a 554-hectare plot of land in Ninh Thuận province, according to an online statement by EVN. It plans to invest VND 9.57 trillion ($421.3 million) in the projects in Phuoc Minh Thuan Nam district. It will start construction in the second quarter of 2018, with completion scheduled by the first quarter of 2021.
Genco 3 said it will integrate the project with an agricultural business, but did not reveal additional details. The company primarily operates thermal and hydroelectric power plants, with a cumulative installed capacity of about 6.5 GW. It supplies about 17% of Vietnam’s electricity.
The Genco 3 plan is the latest in a string of major PV project announcements in Vietnam. In early April, for example, state media reported that Singapore-based solar installer Sinenergy had signed a memorandum of understanding with the authorities in Ninh Thuận province to build 300 MW array. Around the same time, India’s Tata Solar revealed plans to develop a 100 MW project in Bình Phuoc province.