Truong Thanh Energy and High-Tech Joint Stock Company (TTP) under Truong Thanh Vietnam Group (TTVN Group) and Electricity of Vietnam (EVN) signed a power purchase and sale contract for investment in construction and operation in Binh Nguyen Power Plant in Binh Nguyen Commune, Binh Son District, Quang Ngai Province last November.
Signing ceremony between EVN and TTP
The Board of Directors of Truong Thanh Energy and High-tech Joint Stock Company together with the Chairman of the Board of Directors of Truong Thanh Group of Vietnam attended the signing ceremony. Mr. Nguyen Danh Son – Director of the electricity trading company on behalf of the Electricity of Vietnam signed the Power Purchase and sale contract.
Binh Nguyen power plant power project has a total installed capacity of 49,608MWP, invested on a land area of 56.02ha in Binh Nguyen commune, Binh Son district, Quang Ngai province, in which the area of PV rig area, auxiliary equipment and internal road system is 54.52ha, the area of operation control house and substation is 1.5ha.
The chairman of the Board of Directors of TTVN Group shared about the project during the groundbreaking ceremony
This is a project that uses photovoltaic technology to directly convert sunlight into electrical energy. Developing renewable energy will contribute to ensuring national energy security, protecting energy resources, and reducing negative impacts on the environment in electricity production.
PV panels Solar panels
The electricity purchase price (G) of the Power Plant is applied according to the provisions of Clause 1, Article 12 of the Prime Minister’s Decision No. 11/2017/QD-TTg dated April 11, 2017, on the mechanism to encourage the development of Solar power projects in Vietnam, specifically: For the part of power plants commercially operated before June 30, 2019, the electricity purchase price at the power delivery point is VND 2,086/kWh (excluding value tax). (equivalent to 9.35 Uscents/kWh, according to the central exchange rate of Vietnam Dong to the US Dollar announced by the State Bank of Vietnam on April 10, 2017, is 22,316 VND/USD) and is applied 20 years from the date of commercial operation.
It is expected that Binh Nguyen solar power project will be generated on June 30, 2019.
