JGC Corp. will be building a 49 MW solar power project on behalf of Gia Lai Electricity Joint Stock Company, a subsidiary of the TTC Group, in Krong Pa district, about 350 km northeast of Ho Chi Minh city, covering an area of around 75 hectares. (Source: JGC Corp.)
- Japan’s JGC Corp. has been brought in to build a 49 MW PV plant in Vietnam by a subsidiary of the TTC Group
- The project location is Krong Pa district, in Gia Lai province
- It is scheduled to be completed by autumn 2018 and will reportedly generate enough clean power to cater to 47,000 homes
- The project is being developed under the fixed price feed-in tariff system announced by the Vietnamese government
Vietnamese Company Wants To Invest $1 Billion In Solar Projects; Expects At Least 10 Operational Parks By 2018
(09. June 2017)
Japan-based JGC Corp. has landed a contract to construct a 49 MW PV plant in Vietnam. The solar power plant will be located in Krong Pa district, which is in Gia Lai province.
The project was awarded to the Japanese engineering company by Gia Lai Electricity Joint Stock Company, a subsidiary of the TTC Group. The group had previously shared plans to develop 1 GW of PV capacity in Vietnam with 10 to 12 solar parks. At least 800 MW of this capacity will be handled by Gia Lai (see TTC Group Planning 1 GW In Vietnam).
The Japanese engineering, procurement and construction (EPC) firm will be looking at completing the project by autumn 2018 on a turnkey basis. Once operational, it is expected to cover the electricity requirements of about 47,000 households in the country.
This is the second Japanese company that the TTC Group has partnered with for its solar power projects in Vietnam recently. Earlier this month, it signed an agreement with Japan’s Sharp Corp. for a 48 MW PV project in Thua Thien Hue province of Vietnam (see Sharp Backs 48 MW PV Plant In Vietnam).
The project is being developed under the fixed price feed-in tariff system that was announced in April last year (see Vietnam Introduces Solar Incentives). Under the system, all of the power from the grid-connected projects is purchased by local utility Vietnam Electricity Corporation (EVN) for a fixed price of 2,086 VND ($0.09) per kWh (excluding VAT).
Measures adopted in the regulation have not only been attracting local companies like TTC Group, but also global firms. Recently, the Singapore-based Sunseap Group signaled its entry into the Vietnamese PV market to develop 168 MW of utility-scale solar power plant with InfraCo Asia.