On June 10, news from the Ha Tinh Provincial Economic Zone Management Board said that the unit had just issued decision No. 123 dated June 9 on approving the investment policy for the Vung Ang wind turbine blade production plant project.
The project has a total investment capital of 898 billion VND, invested by TTA Vietnam Construction Investment Joint Stock Company.
The Vung Ang wind turbine blade production plant is deployed at lot CN3-01 in the multi-sector industrial park, Vung Ang Economic Zone, Vung Ang ward with a usable area of about 26 hectares.
The goal of the project is to produce wind turbine blades to supply to the domestic market and export, meeting the increasing demand of the renewable energy industry in Vietnam and the world.
According to the design, the plant has a production capacity of 150 complete wind turbine blades per year. Products are manufactured according to orders from wind power investors at home and abroad, suitable for each type and scale of turbines.
According to the approved schedule, after completing the procedures, the investor will deploy construction and complete the project within 24 months from the date of land lease and site handover by the state.
The operating term of the project is 50 years from the date of land allocation or land lease according to regulations.
The Management Board of Ha Tinh Economic Zone requests investors to proactively balance financial resources, ensuring implementation on schedule as committed; and at the same time not to use the capital allocated for the project for other activities that affect the quality and progress of implementation.
The project enjoys investment incentive policies applied to areas with difficult socio-economic conditions in accordance with current laws on land, taxes and credit.
Investors are required to apply modern, environmentally friendly production technology, ensure energy efficiency, labor safety and strictly comply with regulations on treating emissions, wastewater, solid waste and hazardous waste.
