Works finish on first phase of $48.6mn wind farm in south-central Vietnam

Construction has finished on the first phase of a 24 megawatt wind farm in the south-central Vietnamese province of Binh Thuan, the inauguration ceremony of which was held on Friday.

About VND1.089 trillion (US$48.6 million) was spent on building the Phu Lac 1 wind farm in Lac Tri Village, Phu Lac Commune, Tuy Phong District.

The plant is developed and run by Thuan Binh Wind Power JSC, owned by state-run power supplier Vietnam Electricity (EVN) and its subsidiaries, which are in possession of 75 percent of the company’s charter capital.

The farm is expected to produce up to 59 million kilowatts per hour worth of power output every year once it goes on stream.

Construction on the first phase of the farm began last July and took roughly 14 months to finish.

German government-owned KfW Development Bank provided 35 million euros ($37 million) for the project, while the remaining costs were covered by corresponding capital from the farm’s developer.

According to the Binh Thuan administration, Phu Lac 1 is among the 19 pending wind power projects in the province.

Apart from those projects already in place in the south-central provinces of Ninh Thuan and Binh Thuan, EVN is also looking to invest in similar projects in the Central Highlands and on such islands as Con Dao, Phu Quy and Ly Son.