Vietnamese group Intracom plans $3 bln offshore wind power farm in Quang Tri

By An Le
Mon, March 21, 2022 | 4:20 pm GMT+7

Intracom Group, a multi-sector join stock company, is proposing to develop a $3 billion offshore wind power project in Quang Tri province.

The 1,000MW Intracom-Quang Tri project will cover a survey area of 22,000 ha, including a 350ha sea surface area for turbine pillar layout and a 5ha land area. Each turbine will generate 6.25 MW.

Once operational, the wind farm in central Vietnam will produce 4 million MWh a year. Of the VND72 trillion ($3.1 billion) in total investment, about $962 million is the owner’s equity.

The Wind Power Plant No.7, located in the Mekong Delta province of Soc Trang, is invested by Soc Trang Energy JSC and Xuan Cau Company Limited. Photo courtesy of the firms.

The Wind Power Plant No.7, located in the Mekong Delta province of Soc Trang, is invested by Soc Trang Energy JSC and Xuan Cau Company Limited. Photo courtesy of the firms.

Major components of the project include wind turbine generators, an offshore wind transmission system, transformer stations and transmission lines.

The project’s survey area is 15 km from Con Co Island Marine Reserve and 8 km from My Thuy port, which will not overlap with the sea areas of “national security”, aquaculture areas of locals and My Thuy port zoning areas.

Intracom Group proposed two plans on national grid connections. Under the first, the project will connect with the 500 kV Vung Ang to Da Nang transmission line (from Ha Tinh province to Da Nang city).

The second plan will see the project link with the 500 kV Quang Trach to Doc Soi transmission line (from Quang Binh province to Quang Ngai province).

However, the former is prioritised as it would secure the release of the entire project capacity, increasing the direct power supply to the Vung Ang Economic Zone in Ha Tinh, the company stated.

Intracom Group is coordinating with provincial agencies to supplement application documents and draft a proposal that Quang Tri will submit to the government to have the project added to the country’s draft power plan VIII for the period 2021-2045.

The group’s main business lines include construction, hydropower, real estate and health care services. Among its major projects are Nam Pung, Cam Thuy 1, Ta Loi 2 and Ta Loi 3 hydropower plants, Phuong Dong Hospital in Hanoi and Intracom Riverside residential complex in the capital’s Dong Anh district.

Quang Tri currently has 19 wind power projects producing 671 MW, two gas-fueled power projects (1,840 MW in total), three solar power projects (187 MW) and 11 hydropower projects (more than 167 MW).

At a conference to promote energy development in Quang Tri, Vo Van Hung, Chairman of the provincial People's Committee, said: “With the projects planned and proposed, Quang Tri strives to become an energy center of central Vietnam, reaching an electricity generation capacity of about 4,000 MW by 2025, and 10,000 MW by 2030”.

Comments ( 0)
  • Read More
UOB Vietnam appoints Pham Hong Hai as deputy country CEO

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.

Banking - Mon, June 15, 2026 | 2:26 pm GMT+7

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.

Banking - Mon, June 15, 2026 | 12:03 pm GMT+7

FDI listings a missing piece in Vietnam's stock market development

FDI listings a missing piece in Vietnam's stock market development

As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.

Finance - Mon, June 15, 2026 | 11:14 am GMT+7

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.

Industries - Mon, June 15, 2026 | 8:00 am GMT+7

Long Thanh airport project faces shortage of 2,000 workers

Long Thanh airport project faces shortage of 2,000 workers

The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.

Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.

Economy - Sun, June 14, 2026 | 2:45 pm GMT+7

50 years of Gamuda Berhad and its urban development journey in Vietnam

50 years of Gamuda Berhad and its urban development journey in Vietnam

Celebrating 50 years of establishment and growth, Gamuda Berhad – one of Malaysia’s leading infrastructure and urban development groups – has evolved from an infrastructure specialist into an integrated urban developer with a growing presence across Asia.

Real Estate - Sun, June 14, 2026 | 11:21 am GMT+7

Industrials, technology top Vietnamese sectors in M&A transaction volume

Industrials, technology top Vietnamese sectors in M&A transaction volume

Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.

Consulting - Sun, June 14, 2026 | 9:00 am GMT+7

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.

Companies - Sun, June 14, 2026 | 8:00 am GMT+7

Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026

Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026

Gamuda Land Vietnam has been recognized as one of the “Top 10 Enterprises Pioneering Green Transformation 2025-2026” at the 25th Golden Dragon Awards.

Companies - Sat, June 13, 2026 | 7:45 pm GMT+7

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

Vietnamese conglomerate T&T Group is seeking to accelerate five projects in Bac Ninh while proposing two new developments in this northern province.

Infrastructure - Sat, June 13, 2026 | 7:09 pm GMT+7

VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations

VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations

VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC)⁠ targets at least 300,000 electric vehicle deliveries globally this year, up 52% year-on-year, while pursuing a restructuring plan aimed at improving capital efficiency, according to a report by Vietcap Securities⁠.

Companies - Sat, June 13, 2026 | 3:07 pm GMT+7

Vietnam economy resilience amid cost pressures, external strains: UOB

Vietnam economy resilience amid cost pressures, external strains: UOB

The VND has stabilized in recent weeks, trading in a range of VND26,291-26,372 per U.S. dollars in April-May, well within the State Bank of Vietnam’s ±5% band. In a report released on Friday, UOB analysts say on balance, they retain a gradual depreciation bias for the USD/VND, with updated forecasts of 26,500 in Q3/2026, 26,400 in Q4/2026, 26,300 in Q1/2027, and 26,100 in Q2/2027.

Consulting - Sat, June 13, 2026 | 11:49 am GMT+7

Vietnam Politburo issues resolution on FDI sector development

Vietnam Politburo issues resolution on FDI sector development

The Politburo, Vietnam's highest decision-making body, has issued a resolution that establishes a new mindset in developing the FDI sector.

Economy - Sat, June 13, 2026 | 8:17 am GMT+7

Japan’s Meiko breaks ground on $500 mln electronic circuit plant in northern Vietnam

Japan’s Meiko breaks ground on $500 mln electronic circuit plant in northern Vietnam

Japanese electronics manufacturer Meiko Group on Friday broke ground on a $500 million electronic circuit plant in northern Vietnam, underscoring the country’s growing role in global technology supply chains and advanced manufacturing.

Investing - Fri, June 12, 2026 | 4:06 pm GMT+7

Vietnam's EVN discusses energy investment opportunities with Thailand's Gulf Energy

Vietnam's EVN discusses energy investment opportunities with Thailand's Gulf Energy

Vietnam Electricity (EVN) chairman Dang Hoang An met executives from Thailand's Gulf Energy in Hanoi on Wednesday to discuss the company's investment plans and the development of energy projects in Vietnam.

Energy - Fri, June 12, 2026 | 3:59 pm GMT+7