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| Chinese firm builds $2.4 billion power project in central Vietnam  A joint venture between China's Huadian Group and Vietnam's Minh Quang Technology has proposed the development of a hydrogen production plant in combination with a 1,200 MW wind farm and an 800 MW solar farm in the central province of Quang Tri, with a total investment of nearly $2.4 billion.Investors will research the possibility of developing a plant to produce hydrogen through water electrolysis, along with storage sites, transportation, shared facilities, and related auxiliary systems. Other developments include a 1, 200 MW wind farm and an 800 MW solar power plant. The project will cost about $2.39 billion. Once put into operation, the plant will have an annual output of 60, 000 tonnes of hydrogen and earn a revenue of $250 million, contributing $27.5 million to the state budget and creating jobs for 500 workers. Huadian Group is one of the five largest state-owned power generation enterprises in China. It engages in the generation and supply of electricity and heat, as well as the development of power-related primary energy. In Vietnam, Huadian Group, through its affiliate, China Huadian Engineering Co., Ltd., has invested in and managed the Duyen Hai 2 Thermal Power Plant project with a capacity of 1,320 MW and the Dak Lak wind power project with a capacity of 200 MW. The group also expressed its wish to expand its partnership with Vietnam Electricity (EVN) to develop the green energy market amid the global energy shift. write your comments about the article :: © 2024 Construction News :: home page |