On April 6, Gia Lai Provincial People's Committee just decided to approve Saigon - Bac Giang Industrial Park Joint Stock Company as the investor of Van Canh 1 Wind Power Plant Project and Van Canh 2 Wind Power Plant Project.
Van Canh 1 Wind Power Plant project has a total investment of more than 6,904 billion VND, implemented in Canh Lien commune, Gia Lai province on an area of about 56 hectares. The plant has a designed capacity of 160 MW, electricity output of about 502 million kWh/year.
Van Canh 2 Wind Power Plant project has a total investment of more than 7,771 billion VND, implemented in Canh Lien and Van Canh communes, Gia Lai province on an area of 62.01 ha with a designed capacity of 180 MW, annual electricity output of about 623.2 million kWh.
The operating term of the projects is 50 years. It is expected that 2 projects will be completed and put into operation in the fourth quarter of 2028.
These are two large-scale wind power projects in Gia Lai province with capital of trillions of VND. Gia Lai province requires investors to commit to using equipment with clear origins, with inspection and evaluation by functional agencies.
Businesses use land in accordance with regulations for construction, not using types of land such as: natural forest land, national defense land...
Enterprises are also not allowed to transfer projects, purchase, sell, or transfer ownership in any form, including shares or contributed capital in the Company/project enterprise, unless there is written approval from the Provincial People's Committee.
In case the investor violates, the project may be terminated and the competent authority has no obligation to compensate.
