On October 29, 2021, the last turbine of GELEX Group’s wind power plant project cluster with a total capacity of 140 MW was successfully energized.
Thus, GELEX has completed the connection and connection to the national power grid and has been recognized for full commercial operation for all 5 wind power plants.
Specifically, all 5 wind power projects of GELEX Group in Huong Hoa district, Quang Tri province with a total investment of more than 6,000 billion VND, including: Huong Phung 2 and Huong Phung 3 wind power plant projects (including 12 wind power plants). turbines with a total installed capacity of 50MW), and the GELEX 1, 2, and 3 wind power plant projects (including 21 turbines with a total installed capacity of 90MW) have been recognized for commercial operation in October 2021. , eligible to enjoy preferential electricity prices (8.5 cents/kWh within 20 years, excluding value added tax) according to Decision No. 39/2018/QD-TTg, dated September 10, 2018 of the Prime Minister on the mechanism to support the development of wind power projects in Vietnam.
In terms of technology, all projects use gearless turbines (capacity of 4.2 MW) manufactured and supplied by Enercon (Federal Republic of Germany), with the advantage of a large power curve. and can generate electricity at low wind speed (2.0m/s).
This is the most advanced rated technology available today. Enercon also provides turbine operation services for the investor during the entire operation period of the project.
GELEX Group’s wind power projects are financed by BIDV, Vietinbank, and co-financed by Landesbank Baden-Württemberg (LBBW) of the Federal Republic of Germany in the form of export credits (ECA) with an insurance organization. dangerous is Euler Hermes.
With this form of credit, projects can access low-interest capital with a long loan period.
To meet the requirements of an insurance organization, the investor needs to be a reputable unit, have a lot of experience in project implementation, and have a good credit rating. In addition, the project needs to comply with strict environmental requirements according to IFC’s standards.
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| Employees of GELEX Group at the Operation Center of GELEX 1, 2,3 Wind Power Plants. |
Sharing about the construction process of wind power projects, a business representative said that the Group has faced many difficulties due to the impact of the COVID-19 epidemic and social distancing.
However, determining the goal of completing on schedule, ensuring the quality of projects is the number one priority, along with the thorough preparation and determination of all leaders and employees, the Corporation overcame difficulties and challenges and completed the goal of commercial operation of all 5 wind power plants by October 31, 2021, ensuring economic, technical and financial targets for businesses.
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| Some wind power poles of Gelex 1, 2, and 3 wind power plant projects. |
The completion of the above 5 wind power projects has marked a new step for GELEX Group in energy investment in particular and in the infrastructure sector in general. Together with previous projects, the Group has a total of 260 MW of electricity put into operation with the total power output of the plants estimated at 700 million kWh/year, expected to increase the total renewable energy capacity of the facility. owned by 2025 to 800 MW.
Currently, GELEX Group is accelerating the process of restructuring, realizing strategic goals and visions with the orientation of a Group investing in areas of sustainable development.
In particular, renewable energy will continue to be a key area in the development strategy with the orientation of focusing on large-scale projects and at the same time, aiming to cooperate with major investors in the world. .
In the coming time, through its member units, the Group will focus on preparing for investment in Vinh Hai offshore wind power plant cluster with a total capacity of 800MW, selective research and development of projects. : Gia Lai Wind Power (100 MW), Dak Lak Wind Power (200MW), Tay Ninh Solar Power (100MW), Binh Phuoc 1, 2 Solar Power (480MW), … . At the same time, continue to seek investment opportunities in other clean energy projects such as hydroelectricity, biomass power, gas power, etc.) effectively, in line with the Group’s strategic direction of production and business.
