China Power Construction and Super Energy signed an EPC contract for 550 MW PV capacity in Vietnam through video conferencing. (Photo Credit: China Power Construction Group Co., Ltd.)
- China Power Construction has signed a solar power project contract in Vietnam
- It will be constructing 550 MW PV capacity as Loc Ninh Photovoltaic Project
- To be set up in 3 phases, the project is being developed by Super Energy of Thailand
Vietnam is to become home to a 550 MW solar PV project. China Power Construction Group Co., Ltd. is to take up the project as the official EPC contractor. The company announced signing a contract with Thailand’s Super Energy through a video conferencing.
China Power Construction says this 550 MW Loc Ninh Photovoltaic Project will be set up in Loc Ninh County, Pingfu province of Vietnam. The Chinese company plans to construct the entire capacity in 3 phases providing design, procurement and construction along with setting up supporting facilities.
The brief official statement from the Chinese company does not share any more details about the project or the developer, but it could be Super Energy Corporation’s 750 MW solar portfolio in Vietnam that it announced in March 2020 for an investment worth $457 million. This capacity comprised 3×200 MW projects and a 150 MW project, all of which are to sell power for a fixed tariff of $0.0709 per kWh to Electricity of Vietnam.
This tariff of $0.0709 per kWh is what the Vietnamese government has fixed for ground mounted solar projects to be commissioned in the country till December 31, 2020 (see Vietnam Releases New Solar Feed-in-Tariffs).
For China Power Construction, this won’t be its first project in the Southeast Asian country. In Vietnam, the company has already completed more than 70 projects comprising over 2.5 GW of clean energy facilities including solar. It claims that all of its power projects in Vietnam represent approximately 65% of the total installed electricity capacity in the country.