Vietnam: US$1.3 million for 1 MW electricity

Published: 26/04/2009 05:00

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LookAtVietnam – A representative of the Czech Republic’s KV VENTI Company, which has a wind power project in Van Don District, Quang Ninh province, said that it takes $1.3 million of investment for each MW of power in Vietnam.

The model of a wind power plant (photo: Green Dairy).

The representative also said that Binh Thuan and Ninh Thuan provinces are the most suitable places for developing wind power.

“Vietnam’s wind potential is moderately good. Vietnam also has a long and quite hollow coast, which is favourable for generating wind power. However, Vietnam is restricted in technology,” the representative said.

According to experts, the central region and islands in Vietnam have average wind speed of 4m per second, good for installing wind turbines at the height of 12m.

The 7.5 MW Con Dao wind power plant is being built on Con Dao Island, at a cost of Eur20 million. The plant will become operational in 2010, with a lifespan of 30 years.

Vietnam also has adequate prospects for solar energy, with 2,000-2,500 sunny hours per year. There are more than 300 hot mineral water sources of 30-1,050oC in the northwestern and central regions, which could generate between 200-400 MW of power by 2025.

Vietnam is among the top 14 countries in hydro-power potential. Many hydro-power plants have been built or are under construction in the country. However, it is said that hydro-power plants can cause adverse impacts on the environment.

The Foreign-invested Business Association and the KV Venti will organise a seminar on developing clean energy in Vietnam (Vietnam Re-Energy 2009) on May 8. The event will attract 50 foreign experts and investors who are interested in energy in Vietnam.

VietNamNet/VNE

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