Acwa Power, Fecon's $58m Vinh Hao 6 solar plant ready in Vietnam
Saudi Arabian utilities giant is exploring Phase 2 of the solar power plant and other wind schemes with co-builder Fecon
The $58m Vinh Hao 6 PV IPP solar power plant in Vietnam’s Binh Thuan province, which was partly funded by Saudi Arabia’s Acwa Power, has reached its commercial operation date (COD) after being energised on 7 June, 2019.
According to an Acwa Power statement, the plant – which has a design capacity of 50MWp to provide 83 million KWh/year to the national grid – received the COD certificate on 18 June, 2019.
The project is the first of its kind in the province, located on Vietnam’s Southeast coast, to pass the conditional test and start energising on the same day.
The news comes seven months after construction began on the facility, which is the first power plant invested in and developed by Acwa Power in Vietnam to reach COD.
Both Acwa Power and Fecon, a Vietnamese enterprise in infrastructure construction, developed the scheme on a 60ha area.
Acwa Power said it was discussing the implementation of Vinh Hao 6's Phase 2 and other wind projects in nearby provinces with Fecon.
Speaking on the news, Paddy Padmanathan, Acwa Power president and chief executive officer, said: “Reaching COD before our designated deadline is a testament of our dedication and robust partnership with Fecon – opening doors for and solidifying successful collaborations down the line.”
Rajit Nanda, Acwa Power’s chief investment officer, said a “tremendous amount of untapped solar energy resource potential exists in Vietnam”, noting the Vietnamese Government’s target of reaching 20% solar capacity by 2050.