VDB’s funds wind power plant project, reduces country’s fossil fuel dependency

Electricity in Vietnam is heavily dependent on fossil fuel until Vietnam Development Bank (VDB) has invested in the construction of the Bac Lieu Province Wind Power Plant.  The construction included a near-shore wind power farm with an area of 540 ha. along the East Dam (De Dong) of Bac Lieu City, Bac Lieu Province, Vietnam.  It has a 99.2 MW and gross annual electricity output of 335.2 GWh and it involves the installation of 62 wind turbines at capacity of 1.6 MW each in two phases.  The Phase 1 of the project has installed 10 wind turbines on 83.2 ha area and the net electricity output is 16 MW and 55,355 MW/year, respectively.  The Phase 2, which is under construction, includes the installation of the remained 52 turbines with combined capacity of 83.2MW and annual net output of 272, 471MW.

The purpose of this project is to produce and supply electricity to the national grid under a Power Purchase Agreement signed with the Electricity Corporation of Vietnam (EVN). Once finished, the project will reduce the emission of greenhouse gases by replacing electricity generated from fossil fuel fired power plants with zero emissions electricity from a wind power plant.  It is expected that the power plant, when in full operation, will result in the reduction of 143, 761 tCO2 on average and 1,006,328 over the first crediting period.

VDB’s “Wind Farm Project in Bac Lieu Province” was given a Merit Award in the ADFIAP 2015 Outstanding Development Project Award under the Environmental Development category.