Electric Power Trading Company (EPTC) under Electricity Vietnam Group (EVN) signed a deal to buy electricity with Trungnam Solar Power on Tuesday.

According to Trungnam Solar Power, work on the solar power plant will start on July 7 at the Trung Nam wind power farm in Bac Phong and Loi Hai communes in the central coastal province of Ninh Thuan. With a total capacity of 204MW, it is scheduled for completion in June 2019.

The plant covering 264 hectares is designed with over 705,000 battery sheets connecting with 45 inverter convert station and the national grid. It costs nearly VND5 trillion (USD216.8 million). It is expected to produce between 401 and 450 million kWh of electricity per year.

Once it is operational, the plant will supply more electricity for the national grid in Ninh Thuan Province particularly and the country generally.

After a long time for negotiation, Trung Nam will sell electricity at a price of VND2,086 (USUSD9.35 cent) per kWh, according to the agreement with EPTC.

Speaking at the signing ceremony, deputy director of EVN Le Khac Hung highly appreciated Trungnam Group and its Solar Power subsidiary promising EPTC will work closely with the investor to operate the project on set schedule.

Source: http://sggpnews.org.vn