11:01:50 AM | 3/10/2008
The PetroVietnam Power Corporation (PV Power) and the Argentine Pescarmona Metallurgical Industries (IMPSA) will jointly build a US$2.35 billion wind-to-power plant in central Binh Thuan province, the Vietnam News Agency reported.
Under an agreement signed in late August, PV Power and IMPSA will construct the 1,000-MW wind-to-power plant in the next five years, the biggest of its kind in Vietnam in Bac Binh district.
PV Power and IMPSA have recently signed a contract to set up a joint venture to produce and sell wind-to-power and hydropower equipments in Vietnam.
The joint venture has also facilitated the two companies to jointly develop and manage hydropower and wind-to-power projects with provision of maintenance and repair services.
Experts from the World Bank (WB) estimated that Vietnam with the coastal line of more than 3,000 kilometers will have the wind-to-power potential of 513,000 megawatts, the greatest capacity in Southeast Asia.
The figure is more than 200 times larger than the regional largest 2,400-MW hydropower plant of Son La, and 10 times larger than the country’s combined power systems by 2020. (New Hanoi, Labor)
Vietnamese
