VN to co-operate with Saudi Arabia xổ số miền nam hôm nay renewable energy projects

[caption id="attachment_7060" align="aligncenter" width="640"] Representatives of FECON Corporation and Acwa Power at MOU signing[/caption]

According to the MOU, FECON and ACWA Power will study and evaluate the opportunities and potential of renewable energy investment xổ số miền nam hôm nay Việt Nam, particularly wind and solar power projects xổ số miền nam hôm nay southern and central regions, such as Bình Thuận and Ninh Thuận. The two parties will then incorporate joint ventures for investment xổ số miền nam hôm nay specific projects.

Paddy Padmanathan, Chief Executive Officer and President of ACWA Power, told Việt Nam News that Việt Nam is the perfect destination for investing xổ số miền nam hôm nay renewable energy thanks to its advantages xổ số miền nam hôm nay available resources, land and decreasing technology cost.

Under the national power development master plan and the renewable energy development strategy of Việt Nam, the Government has prioritised the development of renewable energy by mobilising all resources xổ số miền nam hôm nay order to increase the proportion of electricity from renewable energy sources, especially from wind and solar power, up to 7 per cent xổ số miền nam hôm nay 2020 and 10 per cent by 2030.

Seeing these potential opportunities, ACWA Power decided to choose Việt Nam as its first Southeast Asian investment destination xổ số miền nam hôm nay renewable energy projects.

The co-operation with ACWA Power is xổ số miền nam hôm nay line with FECON’s strategic vision to become a leader xổ số miền nam hôm nay infrastructure development by 2020. FECON Corporation aims at major projects, particularly supporting the Government’s incentives for renewable energy development.

“By joining hands with ACWA, FECON will leverage the strengths of local infrastructure expertise and promote international cooperation for high-technology, cost-effective projects on a win-win basis,” said Phạm Việt Khoa, Chairman of FECON Corporation.

FECON was established xổ số miền nam hôm nay June 2004 with the core business of foundation engineering, underground construction and infrastructure development.

ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants with a presence xổ số miền nam hôm nay 11 countries xổ số miền nam hôm nay the Middle East, North Africa, Southern Africa and Southeast Asia.

xổ số miền nam hôm nay Việt Nam, ACWA has a joint venture with Korea-based Taekwang Power Holdings xổ số miền nam hôm nay the Nam Định 1 Project with  total investment capital of US$2.3 billion. — VNS

According to