VN to co-operate with Saudi Arabia xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam Việt Nam, particularly wind and solar power projects xsmn hôm xổ số miền nam southern and central regions, such as Bình Thuận and Ninh Thuận. The two parties will then incorporate joint ventures for investment xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam renewable energy thanks to its advantages xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam order to increase the proportion of electricity from renewable energy sources, especially from wind and solar power, up to 7 per cent xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam renewable energy projects.

The co-operation with ACWA Power is xsmn hôm xổ số miền nam line with FECON’s strategic vision to become a leader xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam 11 countries xsmn hôm xổ số miền nam the Middle East, North Africa, Southern Africa and Southeast Asia.

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

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