Two large-scale plants are poised to break ground in Vietnam’s south after the formal launch of a joint venture in recent days.
EPCs IPC-TECH and Licogi 16 inked earlier this week the contract to build the 62MW My Son 1 and 50MW My Son 2 projects in the Ninh Thuan province.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
According to the signatories gathered in Vietnam capital Hanoi, the duo will require total investment of VND2.3 billion (US$98 million).
Their construction should commence this month and wrap up before the end of the year, paving the way for the annual supply of 170GWh in renewable power.
Once delivered, the duo looks set to breathe further life into an already budding pipeline of large-scale PV in Vietnam.
Roll-out of projects is being helped along by feed-in tariff schemes but also hindered by grid constraints, with the Ninh Thuan province facing some of the worst congestion.
Initially a player in the steel market, IPC-TECH has since diversified into other segments and claims to be Vietnam’s top EPC contractor for renewables.
The My Son duo aside, the firm’s solar portfolio includes three other projects under construction – 50MW, 30MW, 15MW – and a separate 50MW plant the firm provides O&M services to.