The central province of Thua Thien-Hue has endorsed plans in principle
for locally-invested WorldTech Transfer Investment to build a solar panel plant
there.
Under the company’s proposal, it
would team with United Arab Emirates’s Global Sphere to build this plant in the
province’s Phong Dien Industrial Park. The project will be tested and certified
by global standard laboratories in accordance with stringent requirements in
the solar energy industry.
Total proposed capital is $310
million for a plant covering 40 hectares for phase one, according to a source
of Thua Thien-Hue Provincial Industrial Parks Management Authority.
Greater details including the
total capacity of the proposed plant and related infrastructure would be
released later, the source said. Currently, the plans are collecting reviews
and comments from relevant authorities.
With a 120-kilometre coastline,
pure climate and a famous landscape, Thua Thien-Hue province is both home of
the ancient capital of Vietnam and viewed as promising area for local and
foreign investors.. As of September 2012, the province boasted 65 projects with
the total registered capital of $1.9 billion.
There are two licenced solar
panel projects in Vietnam - US-based First Solar’s $1.2 billion solar panel
factory in Ho Chi Minh City and domestic invested IC Energy Industry Company’s
$390 million project in central Quang Nam province.
However, both of them have
stalled their investment plans due to the supply-demand imbalance in the world
market.
Phuong Thu | vir.com.vn
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