Singapore’s Nexif Ratch Energy SE Asia to build $216 mln wind power plant in central Vietnam

Singapore-headquartered Nexif Ratch Energy SE Asia Co., Ltd. has been selected as the investor for a VND5.7 trillion ($216.3 million) wind power plant project in the central province of Gia Lai.

The provincial People's Committee said the company met all the required conditions to carry out the Van Canh Binh Dinh Wind Power Plant project.

The plant will have a designed capacity of 143 MW, generating approximately 391.8 million kWh of electricity per year. It is expected to be fully completed within 36 months from the date the investor is officially approved.

According to the planning, the project will utilize approximately 48.9 hectares of land on a long-term basis and around 5.2 hectares temporarily in Canh Lien commune, Gia Lai province (formerly Canh Lien commune, Van Canh district, Binh Dinh province).

On July 1, 2025, Gia Lai and Binh Dinh provinces were merged to form the new Gia Lai province.

Nearly $2.77 bln poured into Gia Lai

According to the provincial Department of Finance, within one week (from August 15 to 21), the province attracted six new investment projects, including two FDI ones, with total registered investment capital of over VND7.26 trillion ($275.5 million).

In addition to the Van Canh Binh Dinh Wind Power Plant, notable projects include a VND700 billion ($26.57 million) factory for ground coffee/instant coffee production and high-tech agricultural processing by Tam Ba Production and Service Co., Ltd. in the Nam Pleiku Industrial Park; and a VND302 billion ($12 million) automobile parts and accessories manufacturing plant by SCM Co., Ltd. in the Becamex Industrial Park.

Becamex Binh Dinh JSC will invest in Becamex VSIP Binh Dinh facilities in the Becamex Industrial Park, with an investment of over VND274.6 billion ($10.42 million).

In the year to August 21, Gia Lai attracted 132 investment projects with over VND72.88 trillion ($2.77 billion) in registered capital. Of these, 120 are domestic investment projects with over VND39.8 trillion, and 12 are FDI projects with over VND33.1 trillion ($1.3 billion).

Notably, most of these projects are in the industrial sector (57 projects), followed by agriculture, forestry, and fisheries (39 projects), construction and infrastructure (19 projects), trade-services-tourism (16 projects), and one project in the real estate and urban area sector.

In addition, in the year to August 21, Gia Lai adjusted 137 projects, increasing total investment by over VND4.84 trillion ($183.68 million), and revoked five projects.

Previously, the People's Council of Gia Lai province had approved a resolution to expand the list of land sites to select project investors via bidding.

Out of the 52 projects in the list, there are 32 wind power projects, 13 solar power projects, five hydropower projects, and two biomass power projects. All will be tendered between 2025 and 2026, with the bidding process taking 12 months from the date the investment policy is approved.

Some major solar power projects include the Nhon Hoa 2 Solar Power Plant (135 hectares, 90 MW); Nhon Hoa 1 Solar Power Plant (73.5 ha, 49 MW); and Nhon Hoa 1A Solar Power Plant combined with a battery storage system (nearly 70 ha, 49 MW).

Notable wind power projects are the Xa Trang Wind Power Plant (45 ha, 100 MW), Xa Trang Wind Power Plant - Phase 2 (47.58 ha, 100 MW), and Bo Ngoong Wind Power Plant (42 ha, 100 MW).