BCG Bang Duong Joint Operation signing investment cooperation agreement with Hanwha Group in Long An
BCG Bang Duong Joint Operation signing investment cooperation agreement with Hanwha Group in Long An
BCG Bang Duong and Hanwha signed a joint investment agreement on the implementation of solar power projects.
Accordingly, BCG Bang Duong co-operated with Hanwha in developing solar projects in Long An. Specifically, BCG arrange capital sources, carry out procedures of project establishment permit, study and implement the project, negotiate and sign EVN power purchase contract; Hanwha will participate in the same investment project as providing technology equipment, engineering, installation, and arranging international financing projects.
The solar power plant project in Thanh Hoa district, Long An with the investment of nearly 100 million USD, 100MW capacity, is built on an area of 125 hectares. The plant is scheduled to be built in Q1 / 2018 and will generate electricity in 2019.
As a tropical country, Vietnam, with the advantage of being one of the most sun radiator distributed country, has enormous potential for solar energy, especially electricity. Potential residential and commercial solar energy is estimated to be at least 2-5 GW over the next decade. The capacity of ground solar systems mounted of about 22GW in the South of Vietnam. Accessing to this new source of energy not only contributes to the energy supply of the society, but also helps to save energy and reduce environmental pollution.
Nguyen Ho Nam, Chairman of BCG Board of Directors, Representative of BCG joint operation, said: "To assess the importance, advantages and benefits of renewable energy sources in response to the increasing demand for electricity, BCG has chosen to promote investment in renewable energy projects for long-term development strategy of the company. We believe with the experience with modern technology and technology in the field of renewable energy of Hanwha Group, the factory in Thanh Hoa, Long An, when put into operation will contribute to increase the power supply for Vietnam, mitigate climate change, environmental protection and sustainable socio-economic development.”
