Belgium-backed
Phuoc Nam-Enfinity renewable energy project in southern Ninh Thuan province
will delay construction to late 2012.
Tran Khang Thuy, director at Ho Chi Minh City
Economics University’s Centre for Economic Studies and Applications (CESAIS) -
the partner of Enfinity Group’s Enfinity Asia Pacific Limited for Vietnam-based
wind and solar power production projects - said the project was in the process
of negotiating the land acquisition cost for 553 hectares it was given with
Ninh Thuan Department of Natural Resources and Environment.
“Land acquisition costs will be set at
pragmatic levels to ensure project’s facilitation since project’s start-up
depends chiefly on this phase progress,” said Thuy, adding that actual land
given to investor, for some reasons, was just one third 553ha out of 1,767ha as
the provincial management was ratified in Document 554/UBND-TH dated February
5, 2010.
The change forced the investor to re-process
project records as well as recalculate the capacity and positions to install
wind turbines. Besides, since the investor was just allowed to deploy a wind
power farm first instead of simultaneously carrying out solar and wind power
farms as proposed, so that the investor was reportedly considering hiking wind
turbine capacity from 1.5 megawatts to 2.3MW or more each to ensure economic
efficiency.
“We are drawing project records and
negotiating with foreign consultants on project appraisal before joining hands
with Vietnamese consultants on investment project establishment,” said Thuy,
adding that the whole process can be finalised by February 2012.
Parallel to quickening the wind power project
pace, the developer reportedly completed the solar power plant’s investment
report with a proposed rate of 15UScents/kWh instead of 19.3UScents/kWh as set
initially. The report will be submitted to ask for investment certificate in
early 2012.
Enfinity Ninh Thuan Company Limited is in the
process of negotiating with world’s wind power equipment suppliers for project
equipment and technology solution procurement, said Thuy of CESAIS.
In early November 2011, Vietnam Fuhrlaender
Wind Power Joint Stock Company rubber stamped a contract on complete
installation of a wind measuring facility for Ninh Thuan Enfinity Company at
the project site.
“Wind data procurement is crucial at this
point at time for drafting project investment records as well as implementation
plan since former data was collected in 2006 then needed to be updated
especially when we decided on hiking turbine capacity,” said Thuy.
Initially, Enfinity proposed to develop three
renewable power projects in Ninh Thuan including a 282MW solar power farm
covering 560ha and two wind farms with a combined capacity of 240MW. However,
the government just green-lighted its one $251 million, 124.5 MW wind power
farm proposal while other projects are pending governmental approval.
Khanh An | vir.com.vn
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