HBRE Wind Power Solution Ltd. and Huy Hoang Transportation &Logistics Corporation signed a framework agreement for a comprehensivestrategic partnership to promote investment efficiency in renewableenergy projects in Vietnam.
HTL will become the contractor forthe entire process from designing and supplying materials and equipmentto construction, testing, and handing over to HBRE.
HBRE is the first company to invest in a wind power project in the Tay Nguyen (Central Highlands) region.
Thetwo companies will first cooperate to implement phase I of the TayNguyen wind power project in Dak Lak province. HTL also will become aninvestor in this project, buying a 25 percent stake for 150 billion VND(7.14 million USD).
The plant will be located in Dlie Yang Commune, Ea H'Leo District, Dak Lak province.
Someof the world's leading wind turbine manufacturers like VESTAS and GEhave assessed the Tay Nguyen region to have the highest potential forwind energy in Vietnam with an average wind speed of 7-7.6 metres persecond.
Licensed by the Dak Lak People's Committee, HBRE WindPower Solution is well prepared to implement the project, which willhave an expected total capacity of 120 MW, in three phases from nowthrough 2020.
Phase I with a capacity of 28MW and costing nearly1.4 trillion is expected to generate electricity starting in June 2016.It will produce more than 100,000,000kWh per year.
After thethird phase, it will become the largest wind farm in Vietnam with acapacity to produce 400 million kWh per year, equivalent to the demandfrom 200 thousand households.
The cooperation between HBRE and HTL will guarantee the progress as well as quality of the Tay Nguyen wind farm project.
Itis also a crucial step in a comprehensive strategic cooperation betweentwo parties in implementing green and clean energy projects in Vietnamin future.
Tran Viet Hung, Deputy Head of the Central HighlandsSteering Committee, said: "Tay Nguyen has great potential for windenergy. According to a recent study by the Ministry of Industry andTrade, Tay Nguyen accounts for 25 percent of the country's total windpower capacity.
"Concentrated in Dak Lak and Gia Lai provinces, there is a capacity to produce 1350MW."-VNA
HTL will become the contractor forthe entire process from designing and supplying materials and equipmentto construction, testing, and handing over to HBRE.
HBRE is the first company to invest in a wind power project in the Tay Nguyen (Central Highlands) region.
Thetwo companies will first cooperate to implement phase I of the TayNguyen wind power project in Dak Lak province. HTL also will become aninvestor in this project, buying a 25 percent stake for 150 billion VND(7.14 million USD).
The plant will be located in Dlie Yang Commune, Ea H'Leo District, Dak Lak province.
Someof the world's leading wind turbine manufacturers like VESTAS and GEhave assessed the Tay Nguyen region to have the highest potential forwind energy in Vietnam with an average wind speed of 7-7.6 metres persecond.
Licensed by the Dak Lak People's Committee, HBRE WindPower Solution is well prepared to implement the project, which willhave an expected total capacity of 120 MW, in three phases from nowthrough 2020.
Phase I with a capacity of 28MW and costing nearly1.4 trillion is expected to generate electricity starting in June 2016.It will produce more than 100,000,000kWh per year.
After thethird phase, it will become the largest wind farm in Vietnam with acapacity to produce 400 million kWh per year, equivalent to the demandfrom 200 thousand households.
The cooperation between HBRE and HTL will guarantee the progress as well as quality of the Tay Nguyen wind farm project.
Itis also a crucial step in a comprehensive strategic cooperation betweentwo parties in implementing green and clean energy projects in Vietnamin future.
Tran Viet Hung, Deputy Head of the Central HighlandsSteering Committee, said: "Tay Nguyen has great potential for windenergy. According to a recent study by the Ministry of Industry andTrade, Tay Nguyen accounts for 25 percent of the country's total windpower capacity.
"Concentrated in Dak Lak and Gia Lai provinces, there is a capacity to produce 1350MW."-VNA
