Energy is always a promising sector to attract foreign investors to set up business in Vietnam.
Recently, while many provinces in the Mekong Delta are thirsty for foreign direct investment (FDI), Hau Giang – a province with difficult socio-economic conditions, is receiving investment registration of 2 FDI projects with investment capital of over 4 billion USD in energy sector.
According to the Department of Planning and Investment of Hau Giang province, the 1st project is the Jinko Solar Vietnam, which is the solar polar plant, invested by Jinko Solar International Development Co., Ltd (Hong Kong) in Hoa An commune, Phung Hiep district, Hau Giang province with the goal of producing commercial electricity from solar energy. The plant has a designed capacity of 35 MW, using 40ha of land and the land lease period is 50 years.
The total investment capital of the project is 1,168 billion VND (equivalent to 52.5 million USD). According to the legal representative of Jinko Solar International Development Co., Ltd, the company has sufficient financial resources to carry out the project. In terms of technology, the plant uses the technology to convert optical energy into electricity using energy panels (photovoltaic technology) for high conversion efficiency, reasonable investment cost and suitable with Vietnam climate.
The 2nd project is the Song Hau 3 thermal power plant, invested by Viet Lao Energy Development and Investment Joint Stock Company, representing the consortium of investors including: Deo Ca Investment JSC, Viet Lao Energy Development and Investment JSC, Phongsubthavy Irrigation – Bridge and Road Construction Co., Ltd (headquartered in Vientiane, Laos). The investors propose location of the project at Song Hau Electricity Center, Phu Huu A commune, Chau Thanh district, Hau Giang province.
The objective of the project is to invest in the construction of a thermal power plant to supply commercial electricity to the national electricity network to meet the increasing demand for electricity. The design capacity of the plant is about 2,000 MW (3 x 660 MW), the operating hour is about 6,500 hours per year; annual consumption output is 13 billion kWh per year. The land area for the project is 117.08 hectares, including the main factory area, slag yards, construction yard…The project implementation period is 50 years from the date receiving investment policy decision. Total investment of the project is estimated at 81 trillion VND (equivalent to 3.636 billion USD), 100% investors capital.
At the present, there are 29 FDI projects in Hau Giang province with total capital of 808,563,599 USD. If the 2 above projects are granted investment certificates, then Hau Giang will rise to the 2nd place in terms of attracting FDI investment in the Mekong Delta (only after Long An province, which currently attracts above 6.7 billion USD of FDI capital).