Home / New & Media / Industry News / UK firm plans to operate mega wind power project by 2025
28/10/2020
UK firm plans to operate mega wind power project by 2025
Wind turbines in the central Binh Dinh Province. Photo by VNExpress/Ngoc Thanh

 

U.K. energy firm Enterprize Energy wants to begin operating its $12-billion offshore wind power project in central Vietnam by the end of 2025.

Company chairman Ian Hatton proposed the company’s ThangLong Wind Project in the central province of Binh Thuan be included in Vietnam’s 8th National Power Development Plan, which is being drafted at present, so that at least part of the project can begin operations by the end of 2025 and all of it by 2028.

Renewable energy is a priority in the development plan that the Ministry of Industry and Trade will submit to the government next month. About 37.5 percent of new energy supply in the next decade will come from renewable energy, it envisages.

However, due to concerns of overload to the national grid, Hatton, at a Wednesday meeting with Prime Minister Nguyen Xuan Phuc and U.K. Minister of State for Trade Policy Greg Hands, proposed the government gives Enterprize Energy licenses to develop transmission lines to handle future output.

Developing transmission lines in Vietnam has been the exclusive preserve of the national utility Vietnam Electricity (EVN).

The 3,400-megawatt ThangLong Wind Project is to be located between 20 and 60 kilometers off the coast of Binh Thuan, at a depth of 30-55 meters. Enterprize Energy had said wind resources in this area exceed its expectations.

The project’s construction is expected to stimulate Vietnam’s economic growth with 50 percent of construction and operational expenses made locally.

Vietnam needs $133.3 billion over the next decade for building new power plants and expanding the grid to meet the growing demand for electricity, the ministry has estimated.

Source: VNExpress

You may be interested in...

PetroVietnam pumps first gas from Sao Vang-Dai Nguyet offshore field

18/11/2020
PetroVietnam said that first gas from the Sao Vang-Dai Nguyet field was...
Learn more

Foreign investors looking to develop wind farms in Lang Son

31/03/2021
Foreign investors from the US and Singapore are interested in either surveying...
Learn more

Vietnam plans two-thirds cut in thermal power

25/04/2022
Vietnam will reduce coal-fired power supply by two-thirds between 2025 and 2045...
Learn more

EVN is ‘digitalized’ to boost construction investment efficiency

31/05/2022
Many member organizations of Vietnam Electricity (EVN) have been promoting the application...
Learn more
×

FanPage

Electric & Power Vietnam