Quang Tri Province is considering terminating investment policies and finding new investors for many slow-moving wind power projects. This delay not only negatively affects the investment environment but also undermines the province’s commitment to the Government in ensuring energy security.
On May 7, Mr. Nguyen Truong Khoa - Director of the Department of Industry and Trade of Quang Tri - said that the locality is currently planning 5 wind power projects with a total capacity of 31 MW. Along with that, according to the Power Plan VIII, the province's cumulative capacity by 1.177 will reach 2030 MW, with an expected adjustment of an additional 1.800 MW.
Currently, Quang Tri has 20 commercial wind power projects with a total capacity of 742 MW and one project (Huong Linh 4 Plant with a capacity of 30 MW) completed construction, ready to be put into commercial operation in 2025, but the province is facing delays in the progress of many projects.
“This delay not only negatively affects the investment environment but also undermines Quang Tri’s commitment to the Government in ensuring energy security. On the other hand, the delay in completing planned wind power projects could hinder the 8% economic growth target in 2025 as well as the orientation of double-digit growth in the following years,” said Mr. Nguyen Truong Khoa.
A wind power project in Huong Hoa district, Quang Tri province (illustrative photo).
The People's Committee of Quang Tri province has requested investors, departments, branches and localities to closely coordinate to speed up the progress of the projects, aiming to put them into commercial operation soon. Particularly for the 4 projects expected to be commercialized including Hai Anh (40 MW), Tan Hop (38 MW), LIG Huong Hoa 1 (48 MW) and Huong Phung 1 (30 MW), the People's Committee of the province requested investors to urgently complete the projects as committed, no later than this year.
For projects that are seriously behind schedule, Quang Tri province has issued strict instructions. Specifically, the investor of the LIG Huong Hoa 2 wind power project must submit a report on the project roadmap, plan and commitment to implement the project to the Provincial People's Committee and the Department of Finance before May 10.
In particular, for the five projects Huong Linh 5, Huong Hiep 5, Huong Hiep 2, TNC Quang Tri 3 and TNC Quang Tri 1, the Provincial People's Committee requires investors to deposit funds to ensure implementation in the second quarter of 2, otherwise they will be considered for termination before next July.
For terminated projects, the People's Committee of Quang Tri province assigned the Department of Finance and the Provincial Economic Zone Management Board to handle the interests of related parties and select new investors.
In addition, the People's Committee of Quang Tri province also directed departments, branches and the two districts of Dakrong and Huong Hoa to guide and support investors to speed up investment and construction procedures as well as coordinate to resolve site clearance work.