Built by the Thien Tan investment construction JSC with an investment of nearly 900 billion VND (38.66 million USD), the Mo Duc solar power plant has a capacity of 19.2 MW. This is a long-delayed solar power plant in central Vietnam.
According to Vietnam Plus, the project uses the advanced FTC Solar technology of the US. Vice Chairman of Quang Ngai province’s People’s Committee Nguyen Tang Binh said the plant will supply clean power for the national power grid, helping ease the pressure of rising power demand.
He instructed the province’s departments and agencies to implement policies and legal documents on developing the abundant solar power source, contributing to local socio-economic development.
VNExpress, a local online news channel reports, the number of solar power projects in Vietnam has started rising since the government issued a decree in November 2017 to encourage the development of this renewable energy.
Most projects are located in the central region and Central Highlands. The central Ninh Thuan Province tops the country with 29 projects, followed by the central province of Khanh Hoa with 10.
As of September last year, over 120 solar projects had been approved to contribute to the national grid, with a total capacity of 6,100 MW by 2020 and 7,200 MW by 2030, according to the Ministry of Industry and Trade.
According to VNExpress, there are 221 other projects in Vietnam with registered capacity of over 13,000 MW are pending for approval.
The rapid growth of Vietnam’s economy, one of the fastest rates in the region, makes it hungry for power with demand expected to rise by around 8 percent a year over the next decade.
World Bank country director for Vietnam, Ousmane Dione, said the country would need to raise $150 billion by 2030 to develop its energy sector.