Households in the Central Highlands province of Dak Lak will soon have electricity sourced from solar power as two Korean power firms are to build photovoltaic power plant projects there.

Bui Hong Quy, chief of the provincial People’s Committee, has confirmed that Dak Lak representatives were traveling to South Korea to discuss one of the projects with SolarPark Korea Co. Ltd., a crystalline manufacturer, after a memorandum of understanding (MOU) was signed by local officials and the company on April 5.

The solar power plant project, with planned total investment of between US$0.6 billion and $1 billion, is expected to generate 300-500MW, according to the provincial website, saying that the project is scheduled to finish in 2056.

The power facility is slated to be built at Ea Sup Thuong Lake in Ea Sup District, the website stated.

The company is interested in solar-based electricity prices in Vietnam, the possibility to connect the power plant with the 500kV national power lines, solar panel installation issues, and more, with the website citing Park Hyun Woo, SolarPark’s chairman, as saying at the MOU signing ceremony.   

Additionally, the Dak Lak People’s Committee has also held a discussion with another South Korea-based company and Long Thanh Infrastructure Development and Investment JSC in Hanoi about building a 120MW photovoltaic power facility in Cu M’Lan Commune, Ea Sup District.

The total investment for the project is around $200 million. 

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!