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Xuan Thien Group aims to become a leading investor in clean energy

  • XTG
  • October 27, 2022

In Resolution 55, not only the role of the Government in ensuring national energy security is affirmed but also opens the door for private investment in the electricity sector, solves the problem of sustainable energy development for Vietnam in the future.The “blooming” of renewable energy investment projects of billions of dollars by enterprises in the past time has proved that.

These days, under the burning sun, more than 12,000 officers and employees of Xuan Thien Group have been racing against time and inclement weather to build, construct and install 3 consecutive shifts of construction items at Xuan Thien – Ea Sup Solar Power Project, Ea Sup District, Dak Lak Province to reach the goal that will officially generate electricity and put into commercial operation in the fourth quater of 2020.

Tập đoàn Xuân Thiện hướng trở thành nhà đầu tư hàng đầu về năng lượng sạch - 1
The first photovoltaic panels arrived at Xuan Thien Group’s super project in Dak Lak province

With a total investment of more than 50,000 billion VND, the design capacity of 2,000 MWac (equivalent to 2,800MWp, electricity output of about 5 billion kWh/year), phase 1 with a capacity of 600MWac equivalent to 830 MWp – this is the solar power project with the largest capacity in Southeast Asia and the second largest in the world, including 22.2km of 500kV lines and 500kV/1200MVA substations… After over 3 months of construction, 90% of the works have been completed so far. Significantly, this super-project uses the technology, the main equipment imported from the top three manufacturers in the world. Phase II of the project with a capacity of 1,400MWac has been appraised by the ministries, the Group has prepared for the infrastructure (connection points, stations and 500kV lines, land for clearance fund…) in accordance with the orientation of the Government stated in Notice No. 221/TB-VPCP on July 1, 2020.

Tập đoàn Xuân Thiện hướng trở thành nhà đầu tư hàng đầu về năng lượng sạch - 2

As a multi-industry economic group, with investment strengths in renewable energy production (hydropower, wind power, solar power), Xuan Thien Group is aiming to become a leading investor in clean energy in Vietnam as well as internationally. Previously, at the end of February 2020, in My Nhon village, Bac Phong commune, Thuan Bac district, Ninh Thuan province, Xuan Thien Group successfully connected the power supply of Xuan Thien Bac Solar Power Plant with a total installed capacity of 256 MWp, built on an area of 259 ha, with an investment capital of more than VND 7 trillion. The power output of the Plant is about 500 million kwh/year, can serve up to 200,000 households.

Tập đoàn Xuân Thiện hướng trở thành nhà đầu tư hàng đầu về năng lượng sạch - 3
Xuan Thien Thuan Bac 256MWp Solar Power Project in Ninh Thuan Province

Talking to the reporter, Mr. Nguyen Huy Hoang – General Director of Xuan Thien Group said: Resolution 55 of the Politburo is very important, practical and timely, which is the fulcrum for enterprises to invest deeply in the field of renewable energy, and is the basis for the authorities to accompany enterprises in energy development, to demonstrate the policy guidelining to create a path of trust, in accordance with the aspirations of enterprises. As evidenced by this second largest project in the world, facilitated by the local area, we affirm that on November 15, 2020, the grid will be connected. Thus, in just 7 months of construction, we completed the project, this is a record of the solar industry in Vietnam as well as in the world.

Tập đoàn Xuân Thiện hướng trở thành nhà đầu tư hàng đầu về năng lượng sạch - 4

 

The record achieved by Xuan Thien Group, in addition to the efforts, experience and capacity of the business, we are more confident thanks to the breakthrough and practical solutions, specifically from Resolution 55. Under the direction of the Chairman of the Group, I was tasked to implement and invest in 3 wind and solar power equipment manufacturing factories, the products ensured 70% localization rate, including: solar panel factory in Hoa Binh province (capacity 360MW/year); wind power equipment factory for land installation in Dak Lak province (divided into 3 stages with a total capacity of 3,000MW/year, turbine power range from 3MW/column to 7.5MW/column) and wind power equipment factory for sea installation in Ninh Thuan province (divided into 2 stages with a total capacity of 3,000MW/year, turbine power range from 6.5MW/column to 15MW/column), and was very highly supported by the localities. There are also some opinions that this is a risky strategy, with great investment and many risks, but with nearly 20 years of experience in the energy industry, with steady potential, along with natural conditions that our country has a long coast with quite good wind and sunshine from the central region onwards. Especially, the opening policy of the Party and the Government is mobilizing all resources to focus on producing enough electricity to develop the our country, so we are determined and firmly believe in the strategy of investing deeply in the Group’s energy sector. In addition, Xuan Thien Group is spending thousands of billions of VND to survey and evaluate the wind potential of the localities, aiming to supply the planning in the coming time. On this occasion, we also recommend the Government, Ministry of Industry and Trade to have a guiding mechanism for enterprises to participate in the electricity transmission field. The sooner this bottleneck can be lifted, the more comprehensive and clear Resolution 55 will be successful.

The pioneering investment in renewable energy projects of Xuan Thien Group as well as businesses in the energy industry has demonstrated the primacy of Resolution 55, contributing to put policy into practice.

Souce:dantri.com.vn

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