At an Australian investment promotion webinar, Dak Nong People’s Committee presented the $740 million Tuy Duc wind farm and the $520 million Krong No solar project.
|Dak Nong promoted two renewable energy projects for Australian investors |
Along with these two projects, Dak Nong People’s Committee proposed the Ministry of Foreign Affairs and the Consulate General of Vietnam in Sydney to promote projects for which the province is calling for investment, including high-tech agriculture, tourism, environment-related services, and supporting industries.
Dak Nong has five out of 157 projects on the government's list of projects calling for foreign investment in 2021-2025.
These projects include the $715 million Chon Thanh (Binh Phuoc)-Dak Nong railway project, a $43 million logistics centre, Tuy Duc wind farm, Drong No solar power project, and a $20 million project producing electric cables and equipment for renewable energy.
Many investors have proposed adding 13 renewable energy projects to the national power planning with a total capacity of 2,167MWp. One of these has came into operation, four projects were added into the National Power Development Plan 7, and eight projects are being appraised by the Ministry of Industry and Trade's (MoIT) to be added to the planning.
Regarding wind power, there are 14 projects with a total capacity of 972MW, eight of which are being appraised by the MoIT and six others have already been approved in principle.