Granting the investment certificate to implement a wind and solar power plant, with the investment funding of USD 63.69 million

Vice Chairman of Binh Dinh People’s Committee Phan Cao Thang (standing in the middle) granted the investment certificate for Fujiwara Joint Stock Company (Japan)

Fujiwara wind and solar power plant has 100% foreign investment capital, funded by Fujiwara Joint Stock Company on an area of 60 ha, the investment funding of USD 63.69 million, the capacity of 100MW. The project is located at the west of Phuong Mai Mountain in Nhon Hoi Economic Zone. The duration of the project is 50 years since the date of being granted the investment certificate.

According to the registered construction progress, the project is planned to be implemented in the second quarter of 2017 and put the first phase (the capacity of 64MW) into operation in the first quarter of 2019; the second phase will be completed in the first quarter of 2020. When the project fully puts into operation, the plant will create stable job opportunities for more than 100 laborers, contributing to the provincial budget; at the same time, creating a beautiful landscape to attract tourists to the province.  

At the meeting, Mr. Osamu Kimura – Chairman concurrently General Director of Fujiwara Group expressed his thanks to Binh Dinh leaders and provincial departments, agencies for creating favorable conditions and quickly supporting the formalities for the investment certificate. The Fujiwara Group committed to speeding up the project, following the relevant regulations as well as the foreign investment law.

Speaking at the meeting, Vice Chairman of Binh Dinh People’s Committee Phan Cao Thang highly valued the financial capacity as well as the determination of the investor for choosing Binh Dinh to invest a renewable energy plant. The province committed to creating the most favorable conditions for the investor to timely implement their project.

Thang Nguyen (source: baobinhdinh.com.vn)