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South Korean firm eyes solar energy

Released at: 13:00, 20/08/2015

South Korean firm eyes solar energy

Vetco Vina Company hopes to build a solar power plant in Can Tho city with a capacity of 130MW.

by Hoai An

On August 19, at a meeting with the Can Tho City People’s Committee, the Vetco Vina Company from South Korea, which specializes in renewable energy and hospital administration, proposed the construction of a solar power plant in the city with a capacity of 130MW.

The company estimates the plant would need an area of 50 ha and total investment of VND1.2 trillion ($56.3 million) and committed to operating the plant with the most advanced technology from South Korea.

Chairman of the People’s Committee, Ms. Vo Thi Hong Anh, stressed that the city preferred the research and use of environmentally-friendly electricity, especially from solar energy, to reduce environmental pollution.

She added, however, that the land area proposed was quite large while the city’s land resources are mostly agricultural land, which benefit local people. The South Korean investor therefore needs to research and calculate construction and the land needed.

The Can Tho Department of Planning and Investment said the city is one of three localities in Vietnam with a high level of sunlight intensity, making it suitable for investment in solar energy. In the planning, however, the O Mon Thermal Power Plant is in operation with the use of gas, oil and coal. As a result, it is important to determine the location of the plant and balance local land resources to provide efficient power supply to Can Tho and the Mekong Delta region.

The company will send specialists to research land resources and the construction location and calculate the construction plan to ensure effectiveness. It also expects to boost investment cooperation with Can Tho city not only in the energy sector but also in the field of health and education. A project building an international-standard hospital in the city will be focused on in order to help people in Can Tho and the Mekong Delta have access to advanced medicine and healthcare.

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