Foreign companies invest in Nhon Hoi wind power plant
The Nhon Hoi Economic Zone (EZ) in Binh Dinh province on July 4 licensed two German and Swiss companies to jointly build a US$109 million wind power plant project.
The license, granted to Vietterracon investment and management limited company (Germany) and Green Venture Invest AG (Switzerland), represents the first fully foreign-invested project licensed in Binh Dinh province.
Spanning 600 hectares, the first phase of the project is scheduled to be fully operational and generating power in 2016, and the second phase in 2020. The plant is designed to have a combined capacity of 61.1 MW.
Earlier, the Ministry of Industry and Trade had decided to add Nhon Hoi wind power plant project to the Power Development Master Plan of Binh Dinh Province for the 2011 - 2015 and 2020 periods.
The Nhon Hoi EZ has to date attracted three licensed wind power plant projects with total designed capacity of 111 MW.
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