On the morning of July
22nd, 2020, the High-Level Forum on National Energy Development 2020 took place
at the same time many investment signing activities among leading energy
enterprises in Vietnam, the region and in the world, open up a strong and
sustainable period of clean
energy development in Vietnam.
At the forum, the
signed projects include: gas power plant project in Ca Na – Ninh Thuan
province, LNG Chan May gas power plant project in Chan May Economic Zone – Thua
Thien Hue province, project wind power off La Gan – Binh Thuan province.
The most outstanding of
which is the wind farm project off the coast of La Gan in Binh Thuan province
with a total investment of up to 10 billion USD. Accordingly, Copenhagen
Infrastructure Partners (CIP), on behalf of New Market Fund I, with Asiapetro
and Novasia Energy signed a Memorandum of Understanding (MOU) with the People’s
Committee of Binh Thuan Province on the development of the offshore wind power
project La Gan, Binh Thuan province. With a capital up to USD 10 billion, the
pharmaceutical project is expected to create significant sources of income and
employment for Binh Thuan and Vietnam, promoting the potential of developing
wind energy in Vietnam.
For the LNG Chan May
gas power plant project (in Thua Thien-Hue province) with a total investment of
about USD 6 billion, cooperation between the US and Vietnam. When operating,
every year, the plant will provide an average power output of 24 to 25kWh.
Accompanying with the project are the US Government’s support programs for
private investment projects of US citizens abroad, along with the world’s
leading partners in finance, technology, operation and gas supply (source
guaranteed from the United States) and corporate governance: US Development
Finance Corporation, USAsia EDGE, World Bank, US EXIM Bank, GE Gas Power … help
contribute to the growth of trade relations between Vietnam and America.
Besides foreign
investors, domestic investors are also interested in developing clean energy
such as gas power project in Ca Na and Phu My solar power development project
in Binh Dinh with investment capital more than 6,000 billion.
With the development of
clean energy projects, Vietnam expects many domestic and international
investors to invest in the field of clean energy, set
up company, obtain investment licenses, or acquire other
company through merger and acquisition, bring in fresh capital in order to
fully realize Vietnam’s capabilities in this field and bring great economic
benefits to investors and contribute to environmental protection, sustainable
clean energy development in the future.
ANT Lawyers is a law firm in Vietnam located in the business centers of Hanoi, Danang, Ho
Chi Minh city. We provide convenient access to our clients. Please contact our
lawyers in Vietnam for advice via email ant@antlawyers.vn or call our office at
+84 28 730 86 529
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