Phù Mỹ solar power plant goes on stream

HCM CITY — The Phù Mỹ solar power plant in Bình Định Province began operation and was connected to the national grid on December  三 一 just seven months after construction began.

Built by Clean Energy Vision Development JSC, a subsidiary of BCG Energy, at a cost of over VNĐ 六. 二 trillion (US$ 二 六 八. 六 million), it will have a capacity of  三 三0 MW when the second phase is complete.

It now has a capacity of  二 一 六 MW.

The second phase is expected to go on stream before February  二 八 this year.

Thus, the first  二 一 六 MW will get a feed-in-tariff (FIT) of  七.0 九 US cents/kWh according to the Decision  一 三/ 二0 二0/QD-TTg, which provided for that rate for plants beginning co妹妹ercial operation before December  三 一.

When fully operational, it will generate  五 二0 million kilowatt-hours of power annually, meeting the needs of  二00,000 households and helping offset roughly  一 四 六,000 tonnes of CO 二 emissions a year.

BCG Energy is a pioneer in developing clean energy in Việt Nam that successfully raises fund in the international market. In December it raised $ 四 三. 六 million through convertible bonds to invest in renewable energy projects. — VNS