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Information about 5 wind power projects that have just been approved for investment by Tra Vinh province
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The People's Committee of Tra Vinh province has just issued a decision approving the investment policy for five wind power plant projects in the area, with a total designed capacity of 272 MW and an estimated investment capital of up to 13,830 billion VND.
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These decisions facilitate the implementation of projects, aiming to increase clean power sources for the national grid. The selection of investors will be carried out through the form of bidding for projects using land.
All projects require the application of advanced and modern wind turbine technology, prioritizing technology from the world's leading manufacturers, including monopile foundation technology and underground power transmission cables. The operating period of each project is 50 years, and the People's Committee of Tra Vinh province also sets strict conditions for selected investors, such as committing to implement the project in accordance with legal regulations, ensuring quality and environmental safety, as well as fully fulfilling financial obligations.
In addition, investors must also ensure a minimum participation rate of 51% by domestic investors for four out of five projects, not transfer projects before commercial operation, and must ensure progress and establish a local project enterprise. The Provincial People's Committee assigned the Department of Finance to be responsible for appraising and posting decisions on the National Bidding Network, while the Department of Industry and Trade organizes the selection of investors according to regulations. This not only demonstrates the province's determination to exploit wind energy potential but also contributes to the goal of sustainable energy development and promoting local socio-economic development.
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