Ninh Thuan is one of the provinces with great potential and advantages to develop renewable energy. Many large corporations have been investing in solar and wind power projects ranging from tens to hundreds of MW. One of them is the Adani Phuoc Minh Wind Power Plant project and the Adani Phuoc Minh Solar Power Plant project which were invested by RT Energy Joint Stock Company - are currently considered as "super projects". With large scale and capacity when put into operation, these two projects also show the outstanding strength and adaptation of enterprises to cope with difficulties after Covid 19 pandemic.
Construction investment in the "special" period
The Adani Phuoc Minh solar power project started in June 2020 and the Adani Phuoc Minh wind power project started in April 2021 when Vietnam was facing the second and fourth outbreaks of Covid 19 pandemic. The stressful epidemic, social distancing have made transportation more difficult than ever. The cost of capital has been continuously increasing. In many services, there has been a serious shortage of sources of suppliers, leading to an increase in investment costs and a longer implementation.
During the time of construction, these two wind power and solar power projects Adani Phuoc Minh, the cost of sea transportation has tripled, or even 5 times of the original cost. authorities shut down. The cost of transportation and equipment rental during the implementation of this project has doubled, or sometimes tripled. Labor costs also increased significantly.
Overall landscape of Adani Phuoc Minh wind and solar power project in Ninh Thuan
Overcoming difficulties and adapting strongly
Difficulties are opportunities for RT Energy to affirm its capacity and experience in investing and building renewable energy projects. With the motto of putting prestige and quality first, RT Energy has flexibly approached as well as applied solutions to solve difficulties in the construction process. Not only accepting to cover costs incurred due to the impact of the epidemic, RT Energy is also flexible and proactive in choosing alternatives such as combining sea transport with rail and road in order to reduce costs as well as reduce costs. ensure project progress.
In order to maintain the construction and avoid disruption due to the epidemic, RT Energy is also one of the pioneers in effectively deploying option 3 on-site (production, isolation, on-site accommodation). Although the number of employees is more than 400
people - including foreign experts, at the peak stage, the company has calculated to prepare adequate facilities to ensure the distance during construction and construction, as well as to meet the needs of customers. food and accommodation for workers. The highest goal is to ensure that the projects finish on schedule, even though they have to cover costs greater than the estimate.
Two wind power and solar power projects Adani Phuoc Minh have been completed and put into operation from October 2021.
"Impressive" numbers
Construction and implementaion were at the two most stressful times of the Covid 19 epidemic, but with high determination and the initiative and flexibility of the leaders as well as RT Energy's staff and workers, two The Adani Phuoc Minh wind and solar power project have been safely and efficiently put into operation over 3 months. For the Adani Phuoc Minh solar power project (Constructed in June 2020) and COD mid-September 2020); and just over 5 months for Adani Phuoc Minh wind power project (construction April 2021 and completion, COD February 2021).
The above two projects of RT have the cooperation of many leading enterprises in the energy field such as GE Power (USA), Henste engineering (Singapore), JA Solar (China), Rina (headquartered in Genoa) , Italy),... Particularly, the Adani Phuoc Minh wind power project has a scale of 27.2 MW, a total investment of 1150 billion VND, after going into operation in October 2021, the average revenue is estimated at 190 billion VND. / year, contributing more than 40 billion VND to the annual budget. Meanwhile, the Adani Phuoc Minh solar power project has a scale of 50 MW, with a total investment of 1,000 billion VND. It is expected that this project will bring in revenue of 175 billion VND per year and contribute more than 30 billion VND to the budget.
Two renewable energy projects coming into operation on schedule in the context of Covid-19 show RT Energy's ability to overcome difficulties and expertise
The "talking" numbers show the attractiveness of renewable energy investment projects in Vietnam in general and Ninh Thuan in particular, and at the same time demonstrate the capacity and experience of RT Energy. Thanks to the stability of power plants, the energy sector will continue to grow, expected to reach a total revenue of more than 400 billion dong this year, the company said.
Also in this year, RT Energy approved the policy of surveying and preparing to invest in a wind power project in Tien Giang province with a capacity of 535 MW, with a total estimated investment of 21 trillion VND, a solar power project. multi-purpose project in Khanh Hoa province with a capacity of 317MW, total investment is expected to be 4,400 billion VND, and wind power project AH1, AH2 in Ben Tre province with a capacity of 100MW, total estimated investment: 4800 billion VND.
The renewable energy "super projects" invested, built, and put into operation and effectively exploited in Ninh Thuan by RT Energy are solid steps that pave the way for businesses to continue promoting the development of renewable energy projects. future solar and wind power projects
