BIM Group will soon operate Southeast Asia's largest solar power plant
By Minh Anh
August 18, 2018 | 11:19 AM GMT+7
BIM Group's solar power plant in Ninh Thuan province has just been expanded its production capacity from 30MWp to 280MWp, which is expected to continue rising to over 300 MWp.
Groundbreaking ceremony of the solar power plant at the beginning of this year
Engineering, Procurement and Construction (EPC) contracts together with related financing documents to advance and broaden the solar power plant have just been signed by BIM Group and its partner, Philippines-based AC Energy, Ayala Corporation’s energy arm in Ninh Thuan province, Vietnam.
According to the contract, BIM Group plays a dominant role as it is the majority shareholder with controlling interest. The Group has also completed a credit agreement with an international bank with the purpose of securing a loan over $200 million.
The main purpose of these contracts is to increase the solar farm size from 30MWp to 280 MWp. It is also planned to be further expanded to above 300MWp.
As planned, this project will be put into operation on time in June 2019. Upon the completion of the project, this solar power plant will be the biggest one in the Southeast Asia, which is anticipated to produce 545 million kWh of clean electricity per annum.
Bouygues Energies & Services và Juwi are selected as EPC contractors of these projects.
Previously in this January, BIM and AC Energy started developing BIM 1 solar power plant in Phuoc Minh commune.
Recognised as one of the leading business groups in the country, BIM’s operations are focused on four main business sectors, including tourism development and real estate investment, agriculture-food, commercial services, and renewable energy.
Doan Van Binh, Chairman of CEO Group and Vice President of the Vietnam National Real Estate Association, introduced his latest book, “Vietnam Real Estate for Foreigners,” at a launch event in Hanoi on Friday.
Acting for increased women’s participation and leadership in climate action, Vietnam can accelerate a transition that is more inclusive, just, and impactful.
The "Steam for girls 2024" competition provides a creative platform for Steam and an opportunity for students to connect with peers from various regions within Vietnam and internationally.
The Politburo on Wednesday supported a plan to invest in a high-speed railway along the country’s North-South axis, marking a crucial step for the multi-billion-dollar project aimed at boosting economic growth and infrastructure development.
Vietnam's electric vehicle market, holding just 15 per cent of the automotive market share, shows promise but faces significant challenges in scaling up due to infrastructure and regulatory obstacles.
