On June 26, Lao Cai Provincial People's Committee just issued decisions approving investment policies and also approving investors for 4 solar power projects including Lao Cai 2 Solar Power, Lao Cai 3 Solar Power, Lao Cai 6 Solar Power and Lao Cai 8 Solar Power.
Accordingly, 4 projects have a total designed capacity of 40 MW, with a total investment of more than 580 billion VND. These are projects aimed at exploiting the renewable energy potential of the locality, supplementing electricity sources for the national power system, contributing to ensuring energy security and socio-economic development.
Lao Cai 2 Solar Power Project is invested by Lao Cai Construction Joint Stock Company No. 2, implemented in Khanh Yen commune with a capacity of 10 MW, an area of about 10.35 ha and a total investment of more than 156.1 billion VND.
Lao Cai 3 Solar Power Project, invested by Nam Chay Hydropower Joint Stock Company, is also built in Khanh Yen commune, with a capacity of 10 MW, an area of about 10.35 ha, and a total investment of more than 155.7 billion VND.
Meanwhile, Truong An Service and Energy Co., Ltd. is the investor of Lao Cai 6 Solar Power Project and Lao Cai 8 Solar Power Project.
The Lao Cai 6 project is implemented in Bao Thang commune with a capacity of 10 MW, an area of about 8.61 ha, with a total investment of more than 118.2 billion VND. The Lao Cai 8 project is implemented in Bao Ha commune, with a capacity of 10 MW and is expected to be completed and put into operation in 2028.
According to the decision of Lao Cai Provincial People's Committee, all projects have the goal of producing electricity from renewable energy sources, connecting to the national grid, contributing to improving the reliability of electricity supply, creating jobs for workers and increasing local budget revenue.
The projects are expected to complete site clearance and legal procedures from the end of 2026 to the second quarter of 2027; complete construction and equipment installation in 2028 and put into commercial operation by the end of 2028.
The Provincial People's Committee requests investors to fully implement the provisions of law on investment, land, construction, electricity, environmental protection and fire prevention and fighting; use modern, environmentally friendly technology, and closely coordinate with local authorities in compensation and site clearance to ensure progress.
In addition, departments, branches and localities are assigned to guide, inspect, and supervise the implementation process to ensure that projects are implemented in accordance with investment policies, progress, and legal regulations.
