The Government has pledged to expand the capacity of electricity generation, especially renewable energy by 14% on an annual basis in the 2015-2030 period.

TTC Group has plans to develop 20 solar power projects in the provinces of Tay Ninh, Binh Thuan, Ninh Thuan, Thua Thien-Hue and Gia Lai with a combined capacity of 1,000 MW by 2020. These projects are expected to get off the ground from the final quarter of this year onward, said its general director Thai Van Chuyen at the event.

Besides, the group has 15 hydropower projects nationwide with a total capacity of roughly 140 MW. Especially, its thermal power output from sugar mills totals around 150 MW, and its solar power systems facilitate agricultural production.

Yasushi Ujioka, board member of Gia Lai Electricity JSC, a TTC unit, said the renewable energy capacity in Southeast Asia is around 4 GW, representing a mere 0.5% of the world’s. Therefore, regional countries aim to raise their potential power capacity from less than 10% to 23% by 2025.

In April, the government of Binh Thuan Province approved in principle multiple solar and wind projects in Tuy Phong, Vinh Hao, Bac Binh, Ham Thuan Bac, and Ham Thuan Nam, among others.

Some major projects include solar power plants Eco Seido Tuy Phong (40 MW – phase one), Vinh Hao (30 MW), VSP Binh Thuan 2 (30 MW), Hong Phong 1 (130 MW) and Hong Phong 2 (120 MW). They require investments ranging from more than VND1 trillion to around VND5 trillion.

Notably, some other companies struck solar power deals such as the Vietnam Electricity Group, Da Nhim-Ham Thuan-Da Mi Hydro Power JSC, Mat Troi Do JSC, Everich Energy JSC, and a joint venture of Asia Petroleum Energy Corporation and France’s Valeco Group among others.

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