Foreign investors looking to develop wind farms in Lang Son

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Foreign investors from the US and Singapore are interested in either surveying or implementing wind farms in Lang Son province.
foreign investors looking to develop wind farms in lang son
GE is looking to construct wind farms in Lang Son

Notably, General Electric (GE) group from the US expressed its interest in surveying two wind farms in this province. One is the 165MW Chi Lang wind power project located in Chi Lang and Loc Binh districts. Covering an area of 1,431 hectares, the project is planned to have a total investment capital of VND6.45 trillion ($280.43 million) and is expected to generate power in the period of 2024-2025.

“We realise that Vietnam is a country with abundant wind potential and Lang Son is one of the provinces with good potential for building wind farms in Vietnam. Research, survey, and development of wind power projects in Lang Son province,” stated the document.

The second one is the 253MW Ai Quoc project. Covering an area of 3,817ha in Loc Binh and Dinh Lap districts, the project would have a total investment capital of VND12.9 trillion ($560.86 million), expected to generate power in the period of 2024-2025.

Previously, the province approved Singapore-based BayWa r.e Wind Pte., Ltd. to study and survey three wind farms in Chi Lang, Loc Binh, Cao Long, and Van Quan since the third quarter of 2020.

In December, the company submitted a document to propose the province to approve its member company to handle the study and survey on these three projects once its member company is established in Vietnam.

According to BayWa r.e Wind Pte., Ltd., the company completed the procedure to establish BayWa r.e Wind Projects Vietnam Co., Ltd. in August 2020, which has chartered capital of VND232.9 million ($10,126), however, this member company has yet to be established due to the COVID-19 pandemic.

BayWa r.e Wind commits that when the member company is established, it will take over the work relating to these three projects.

By Ha Vy

Nguồn: Vietnam Investment Review

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