A subsidiary of private multi-sector corporation T&T Group is proposing to invest in a high-tech pharmaceutical and agricultural zone project in Lang Son province, northern Vietnam.
T&T Oil, Coal, and Gas Import Export JSC (T&T OCG) is awaiting the provincial green light to survey and report on the T&T OCG Dinh Lap high-tech pharmaceutical production and planting project.
The 195-hectare zone is set to be located in Binh Xa commune, Dinh Lap district, with 170 hectares allocated to material cultivation and the remainder to factory construction.
T&T OCG in late December 2021 disclosed its intention to invest around VND7,370 billion ($317.67 million) in a wind power project in Lang Son province.
With estimated electricity output of about 720 gigawatt hours per year, the four-turbine project would span four Loc Binh district communes. Its survey area is about 20,450 hectares.
The project is expected to reduce CO2 emissions by 1.6 million tons per year and become operational in 2023.
T&T Group in February collaborated with Japan-backed EREX Group to propose a biomass power plant project in Lang Son, suggesting it be added to the National Power Development Plan VIII.
EREX Group is a leading company in renewable energy as a core business.
Lang Son is a mountainous province in the north-east of Vietnam, bordering China.