Risen Energy recently announced that it has won the bid for the NHI HA 50MW
solar power station project owned by Vietnam-based Bitexco Group's subsidiary
Thap Cham Solar. Combined with the contracts won by the China-based PV module
manufacturer for a 61 MW facility in Ninh Thuan and installations completed in
conjunction with Shapoorji Pallonji Group's 50 MW engineering, procurement, and
construction (EPC) project in the same province since August 2018, the total
installation capacity of its projects in Vietnam has reached 161 MW.
Bitexco Group is one of the top ten shopping mall and hotel developers in
Vietnam as well as a provider of hydraulic engineering as well as road and
highway engineering services. With the support of the team responsible for
bidding on projects in the overseas markets, and the development, design,
engineering and procurement departments, Risen Energy successfully won the 50MW
contract from Bitexco Group after demonstrating its comprehensive capabilities
in delivering leading technologies and experience when providing EPC services.
The latest deal and the other power station contracts the company has recently
won in Vietnam will help Risen Energy continue to achieve top line and bottom
line growth.
The 50 MW facility covered by this latest contract is located in Ninh Thuan,
Vietnam. Risen Energy will provide high-efficiency modules and 5-busbar 1500V
high voltage modules for the facility in its role as the assigned EPC
contractor.
After completing the pull-out test, construction was started on the facility on
October 1. Once completed, the power station is expected to generate an average
annual power of 81,429 MWh. The electricity generated by the project will be
provided to EVN, the Vietnamese state grid.
Since 2017 when the Vietnamese government announced the feed-in-tariff policy
for the solar photovoltaic (PV) market, the country has emerged as an
investment destination of choice in Southeast Asia for global investors,
developers and module manufacturers. While continuing to expand globally, Risen
Energy selected Vietnam as a key market associated with its 2018 global
expansion strategy. A spokesman for Risen Energy said, "With years of
experience in delivering EPC services and a local strategy for the Vietnamese
market determined by the region's specific needs, we believe the PV market in
Southeast Asia boasts huge potential and great opportunities."
SOURCE Risen Energy Co., Ltd
