Malaysia’s Timar Wind Solar Energy Group will
invest $800 million in developing the wind power industry in the south-central
province of Ninh Thuan.
A
Memorandum of Understanding on the investment cooperation project was signed at
a seminar on introducing and applying advanced wind power technology in Ninh
Thuan, held on May 14.
The
seminar aims to analyze the effectiveness of new wind power technology and
attract financial support towards boosting cooperation between Ninh Thuan and
Timar in transferring technology and building equipment manufacturing plants.
Timar
owns a new wind power technology using a vertical axis wind turbine known as
Maglev, an advanced green energy technology. Maglev Turbines have a power
generating capacity 20 per cent higher than a traditional turbine, a life span
of 50 years and can save more than 50 per cent in operational costs.
Timar
said it plans to invest in two assembly plants in Vietnam in the future to help
the country reduce the price of this product.
The
group also pledged capital and technological assistance for cooperation
projects in this field between Ninh Thuan and Timar.
Chairman
of the Ninh Thuan provincial People’s Committee Nguyen Duc Thanh said his
province will create the best possible conditions for Timar to finalize all
legal procedures for the project.
VOV
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
Dear
Reader,
May I
invite you to visit our new blog: IIMS-Asean http://iims-asean.blogspot.com/
News
and activities of the International Institute of Medicine and Science Asean
Chapter of IIMS, Inc. California, USA - Health care, Life Science, Education,
Research, Philanthropy. Asean is the economic organisation of ten countries
located in South East Asia: Brunei Darussalam, Cambodia, Indonesia, Lao PDR,
Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. IIMS is a
non-profit organization.
No comments:
Post a Comment