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Ninh Thuan welcomes nearly $2.28 billion in investment

Released at: 10:28, 26/03/2015

Ninh Thuan welcomes nearly $2.28 billion in investment

South-central province issues investment certificates and approves investment policies of ten projects in total.

by Son Ho

The Ninh Thuan Provincial People’s Committee has issued investment certificates to five projects with total investment of nearly $279.06 million and approved the investment policies of five projects with total investment of nearly $2 billion.

The five projects receiving investment certificates were Ninh Chu Petroleum Depots ($5.12 million), invested by the Ninh Chu Petroleum JSC, the 90MW Trung Nam Wind Power Plant ($175.81 million), invested by the Trung Nam Wind Power JSC, the Da Nhim Hydro-power Plant expansion project (of 80MW) ($89.53 million), invested by the Da Nhim - Ham Thuan - Da Mi Hydropower JSC, and the Hon Co and Ca Na Tourist Area ($5.12 million), invested by the Hoan My Tourist Area Company Ltd.

Of the five projects with investment policies approved, the largest is the Thien Tan Solar project invested by the Thien Tan Infrastructure Corporation. The solar power plant will supply electricity to the national grid and be on an area of 600 ha. Mr. Huynh Kim Lap, Chairman of the Thien Tan Corporation, said that the project will have a capacity of 300MW and total investment of around $1.86 billion. The project is expected to be completed by the end of 2018. Ninh Thuan plans to be a major energy center, and its potential for developing clean energy is why the Thien Tan Corporation decided to make the investment, according to Mr. Lap.

The four other projects are the Dam Nai Wind Power Plant ($52.09 million), the Vinh Hy Luxury Tourist Area ($74.42 million), and a twin project  with a high performance dairy farm and raw material areas for cattle feed ($11.63 million).

A presentation was held at the Ninh Thuan Investment Promotion Center in Ho Chi Minh City on March 25.

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