Lam Dong approves 2 wind power projects worth $186 mln
The Central Highlands province of Lam Dong has approved two wind power projects with a total capacity of 40 megawatts and investment of VND4,398 billion ($185.5 million).
The two plants, named Xuan Truong 1 and Xuan Truong 2, are located in Xuan Truong township, Da Lat town, a popular tourist attraction in Vietnam.
Cau Dat wind power plant is a popular tourism spot in Da Lat town, Lam Dong province, Central Highlands. Photo courtesy of the plant.
Xuan Truong 1, worth VND2,212 billion ($93.29 million), is invested by Xuan Truong Energy Development JSC and has a capacity of 50 MW. The 32.5-hectare plant’s average output is 180 GWh per year.
Xuan Truong 2 has an investment of VND2,186 billion ($92.2 million) and is invested in by Cao Nguyen Wind Power Development Investment JSC. Its capacity is 48 MW and average output, 170 GWh a year.
The duration for the two projects are 50 years from September 19. They are set to run trials and then become operational in the first and second quarters of 2025.
In May, Lam Dong province has proposed a planning of 71 renewable energy projects in 2021-2030, with a total capacity of 2,300 MW.
Two wind power projects with a total capacity of 298 MW and six solar ones with a total capacity of 428 MW were submitted to the Ministry of Industry and Trade but have not been approved yet.
Other 14 wind power projects with a total capacity of 984 MW and six solar power ones with a total capacity of 274 MW are being studied by investors.
- Related News
- Read More
Vietnamese dong likely to depreciate 3% in 2025: VinaCapital
The Vietnamese dong is likely to depreciate 3% in 2025 on anticipation that the US Dollar/DXY Index will finish 2025 nearly unchanged, says Michael Kokalari, chief economist at Vietnam's leading fund manager VinaCapital.
Economy - Sat, December 21, 2024 | 11:23 am GMT+7
First luxury railway journey across Vietnam features Indochine architecture
PYS Travel has launched the first luxury railway journey across Vietnam named Sjourney, marking a new milestone in the railway tourism sector.
Travel - Sat, December 21, 2024 | 10:09 am GMT+7
Vietnam among 40 most beautiful countries: US publication
Vietnam has secured the 36th position in the ranking of the 40 most beautiful countries in 2024 in a testament to its undeniable charm and appeal, according to US News & World Report.
Travel - Sat, December 21, 2024 | 10:04 am GMT+7
Foxconn to invest $16 mln more in Vietnam’s Quang Ninh province
Competition Team Technology (Vietnam) Company Limited, a subsidiary of Foxconn, will invest an extra $16 million in its “S- Vietnam” project in the northern coastal province of Quang Ninh.
Industries - Sat, December 21, 2024 | 9:53 am GMT+7
Vietnam’s small- and medium-sized businesses embrace digitization to weather global expansion risks: survey
While global expansion remains a key priority for the country's small- and medium-sized businesses (SMBs), achieving this goal requires overcoming challenges by leveraging the right talent and advanced technologies, including AI, according to Payoneer’s findings.
Companies - Sat, December 21, 2024 | 7:56 am GMT+7
Vietnam tax authorities collect $169 mln from delinquent taxpayers through exit bans
Vietnam's tax authorities have collected about VND4.3 trillion ($169 million) from 6,500 delinquent taxpayers through exit ban measures so far this year, nearly five times the amount reported in the middle of the year.
Finance - Fri, December 20, 2024 | 10:29 pm GMT+7
French, Chinese EV manufacturers to invest in Indonesia
Three global electric vehicle (EV) manufacturers - France’s Citroen and China’s BYD and AION - have committed to establishing EV manufacturing plants in Indonesia, Minister of Industry Agus Gumiwang Kartasasmita has announced.
Southeast Asia - Fri, December 20, 2024 | 6:42 pm GMT+7
Thailand optimistic about export prospects for 2025
With an upbeat export growth projection of about 5% this year, Thailand's Ministry of Commerce and its private sector are optimistic for a further 2-3% growth in 2025, bringing total export value to about $305 billion.
Southeast Asia - Fri, December 20, 2024 | 6:36 pm GMT+7
Philippines imposes temporary import ban on live cattle from Japan
The Philippines has imposed a temporary ban on the importation of live cattle and buffalo as well as their products from Japan due to the outbreak of lumpy skin disease (LSD), its Department of Agriculture said on Thursday.
Southeast Asia - Fri, December 20, 2024 | 5:53 pm GMT+7
Malaysia-China trade hits nearly $100 bln
Malaysia-China economic ties have continued to strengthen, with bilateral trade reaching nearly $98 billion between January and November, matching the 2023 total trade volume.
Southeast Asia - Fri, December 20, 2024 | 5:51 pm GMT+7
Indonesia to stop importing sugar in 2025
The Indonesian government expressed optimism that the plan to stop importing sugar and several other commodities in 2025 will be implemented due to increased domestic production.
Southeast Asia - Fri, December 20, 2024 | 5:50 pm GMT+7
Major defence industry corporations compete for market share in Vietnam
Major western aerospace companies are competing to capture market share in Vietnam, seeing this as a potential market for military aircraft and helicopters, reported Canada’s aviation news website flightglobal.com.
Southeast Asia - Fri, December 20, 2024 | 5:36 pm GMT+7
Vingroup, Marubeni launches 3.7 MWh battery energy storage system in Vietnam
Japan's Marubeni Corporation, through its wholly-owned subsidiary Marubeni Green Power Vietnam Co., Ltd, has begun operating a battery energy storage system (BESS) project in Vietnam.
Energy - Fri, December 20, 2024 | 5:19 pm GMT+7
Vietnam Post turns to online sales of agricultural products to stay competitive
State-run Vietnam Post Corporation (Vietnam Post) recently launched nongsan.buudien.vn, an e-commerce platform dedicated to agricultural products, with an aim to tap into the year-end market and the promising potential of this business area.
Companies - Fri, December 20, 2024 | 4:25 pm GMT+7
Hong Kong-based furniture firm Man Wah to invest $50 mln more in Vietnam
Hong Kong-based Man Wah, among the largest home furnishing producers in the world, will invest an additional $50 million in Vietnam’s southern province of Binh Duong.
Industries - Fri, December 20, 2024 | 4:02 pm GMT+7
Vietnam's property giant Vinhomes shakes hands with Nomura Real Estate
Vietnam’s leading housing developer Vinhomes and Japan’s Nomura Real Estate Development Co., Ltd have signed an MoU on comprehensive strategic cooperation, aiming to leverage the strengths of both sides to bring international-standard products to the market.
Real Estate - Fri, December 20, 2024 | 2:42 pm GMT+7
