The Gia Lai Provincial Department of Finance has recently issued an Investment Registration Certificate for the Van Canh Binh Dinh Wind Power Plant project to Nexif Ratch Energy Se Asia PTE.LTD (Singapore).
The project is located in Canh Lien Commune, Gia Lai Province (formerly part of Van Canh District, Binh Dinh Province), covering an area of approximately 48.9 hectares. It includes turbine foundations, a transformer station, underground cable systems, power lines, auxiliary facilities, internal roads, and an operational management building. The project’s operational period is 50 years from the land lease decision date.
According to the Investment Registration Certificate, the project has a designed capacity of 143MW, with an average annual electricity output of approximately 391.8 million kWh. The total investment capital is nearly VND 5,701 billion.
The project will be implemented in four phases. From Q3 to Q4/2025, the investor will complete approval procedures, obtain the Investment Registration Certificate, and establish a local economic organization. From Q4/2025 to Q4/2026, the project will focus on preparing a feasibility study report, signing agreements, and completing investment, land, construction, and related procedures. From Q1/2027 to Q2/2028, construction will begin, including foundation work, power lines, transformer stations, auxiliary facilities, turbine installation, and equipment setup. By Q3/2028, the plant is expected to be completed and commence commercial operation.
Once operational, the plant will supply clean energy from renewable sources to the national grid, enhancing energy security, supporting socio-economic development, and reducing electricity transmission losses.
Additionally, the project will contribute to local budget revenue, create jobs, boost industrial production, and support the province’s goal of achieving double-digit economic growth in the coming years.
The Gia Lai Provincial Department of Finance requires the investor to adhere to the project’s objectives, scale, timeline, and other commitments. The investor is prohibited from transferring, selling, or changing ownership in any form before completing the project as per the approved plan, unless approved by the Provincial People’s Committee.
Previously, on September 16th, at the “Unlocking Future Energy Potential” seminar organized by the Gia Lai Provincial People’s Committee, Chairman Pham Anh Tuan highlighted the province’s significant renewable energy potential, both onshore and offshore, including solar, wind, and hydropower. The region benefits from high solar radiation, extended sunlight hours, strong average wind speeds, and hydropower advantages from major rivers like Se San and Ba.
The total renewable energy potential of the province is estimated at approximately 23,000MW, positioning it to become a leading renewable energy hub in the Central and Central Highlands regions.
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