Singapore Blue Circle approved for 40MW wind project in Vietnam
[TOKYO] The Blue Circle, a Singapore-based wind energy developer, has received an investment certificate from Vietnamese authorities for its 40-megawatt project in Ninh Thuan province, south Vietnam.
The certificate to the Blue Circle and its Vietnamese partner, TSV, opens the process to sign a long-term lease and power purchase agreement with EVN, the national power utility, the Blue Circle said in an e-mailed statement.
The site, along the Highway One, has a potential for a total capacity of 70 megawatts to 100 megawatts, the developer said.
Construction is scheduled to start in 2017 for the first phase, according to the statement. Total investment for the initial phase is expected to reach US$60 million.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns