Mr. Nguyen Dinh Xung, Chairman of Thanh Hoa People’s Committee has signed a decision to approve investment policy for a solar power project to be domestically invested and implemented by a joint venture between Song Lam Son La Energy Joint Stock Company and Song Lam Investment and Construction Company Ltd.
The project will be located at Yen Thai commune, Yen Dinh district (Thanh Hoa province) in a land area of nearly 650 thousand m2. The plant is designed with the capacity of 30 MW, comprising: a solar energy panel system with 90,640 panels; a central control house and energy conversion equipment; an office building; 30 transformers; a corridor for operating and examining solar PV modules; solar module connectors; a power cable system, etc.
The project aims to supply electricity to Thanh Hoa province and the country, bring about economic efficiency to enterprises, contribute to development of clean, renewable energy sources, reduce green - house gases with a view to protecting the environment, combating climate change towards a sustainable development, economic development of the province and an increase in state budget.
Regarding the planning and environmental aspects of the project, Thanh Hoa province’s local authorities request that actions should be taken to mitigate negative environmental impacts during project construction period and the current legal regulations must be respected; project planning norms approved by the competent authorities should be realized.
The project’s total investment cost is more than VND 809 billion, 30% of which nearly VND 243 billion is the project owner’s equity, the remaining 70% or more than VND 566.5 billion is arranged by commercial borrowings. The project’s lifetime is 50 years, it is scheduled to start construction in the fourth quarter of 2017 and come into operation in the fourth quarter of 2019.