On January 7th, the People’s Committee of Gia Lai Province issued two decisions approving investor interest invitations for the Van Canh 1 and Van Canh 2 Wind Power Plant projects. Saigon – Bac Giang Industrial Park Joint Stock Company (a subsidiary of Kinh Bac City Development Shareholding Corporation, stock code: KBC) was approved as the qualifying investor.
The Van Canh 1 Wind Power Plant project has a total investment of nearly VND 6,905 billion, covering approximately 56 hectares in Canh Lien commune, Gia Lai Province. It boasts a designed capacity of 160MW and an estimated annual electricity output of 502 million kWh.
The Van Canh 2 Wind Power Plant project has a total investment exceeding VND 7,771 billion, spanning roughly 62 hectares across Van Canh and Canh Lien communes in Gia Lai Province. It features a designed capacity of 180MW and an estimated annual electricity output of 623.2 million kWh.
Established in 2005, Saigon – Bac Giang Industrial Park Joint Stock Company is headquartered in Quang Chau Industrial Park, Nen Ward, Bac Ninh Province, with a charter capital of VND 3,400 billion.
At the close of trading on January 9th, KBC shares were priced at VND 36,000 per share, with a market capitalization of VND 33,900 billion.
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