On January 4, the People's Committee of Quang Tri province confirmed that, in the face of many energy projects in the area being behind schedule, the Department of Planning and Investment of Quang Tri province has made a proposal to urge investors to soon implement the project.
The Department of Planning and Investment of Quang Tri province proposed that the Provincial People's Committee require investors of slow-progressing energy projects to complete their investment guarantee deposit obligations - before considering approving the extension of the project implementation schedule.
Up to now, in Quang Tri province, there are 10 wind power projects under investment, 1 project has completed construction and is completing related procedures to put into commercial operation. Of which, 6 projects are under investment behind schedule including: Huong Linh 5, Huong Hiep 2, Huong Hiep 3, Huong Phung 1, TNC 1, TNC 2.
Of the 6 projects behind schedule, 5 projects have not yet signed an investment guarantee fund, only 1 project has signed an investment guarantee fund with the amount of 12.8 billion VND, which is the Huong Phung 1 project. Currently, the Huong Phung 1 project has prepared a dossier to adjust the project implementation progress, which has been presided over by the Department of Planning and Investment, and has prepared a report to advise the Provincial People's Committee to consider and decide.
The provincial Department of Planning and Investment has also drawn up a record of violations and imposed administrative penalties on projects that are behind schedule and have violations. The projects that have paid fines totaling VND180 million are Huong Linh 5, Huong Hiep 2 and Huong Hiep 3.
In addition to wind power projects, in Quang Tri there are also 4 hydropower projects behind schedule including: Huong Phung Hydropower and 3 hydropower projects Huong Son 1, 2, 3.
Of the 4 projects behind schedule, only Huong Phung Hydropower project has made an investment guarantee deposit of 7.7 billion VND and this project is currently carrying out procedures to propose an adjustment to the progress. For the 3 hydropower projects Huong Son 1, 2, 3, the Department of Planning and Investment has sent a document to the investor urging to speed up the progress and make an investment guarantee deposit.
To strengthen state management of slow-progressing projects and overcome the situation of suspended projects and projects that are not feasible, the Department of Planning and Investment proposes that when a project is behind schedule not due to objective reasons, investors must pay a deposit to ensure investment in order to continue implementing the project in accordance with regulations.
