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9 January, 2021

Inauguration of a new solar power project in Lam Dong, Create Capital (CRC) realizes business development strategy in the renewable energy sector

Inauguration of a new solar power project in Lam Dong

The Lam Dong solar roof voltage plant of Create Capital Vietnam Joint Stock Company was officially connected to the 1MW grid in the morning of July 17, 2020.

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CRC leaders at the project energizing ceremony.

The project has a total capacity of 3M, built in Tan Thanh, Lam Ha, Lam Dong. The project is part of a complex series of rooftop voltage projects, part of the CRC’s renewable energy development strategy. The factory uses 100% solar energy, high efficiency, and environmental friendliness.

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The project has a total capacity of 3MW, is expected to be fully energized before December 31, 2020.

 

During the construction, installation, and testing of the project until it is put into operation. All units are designed to promote design capacity to meet requirements for power generation for the national power system. It also ensures good implementation of regulations on the protection and assurance of natural resources.

 

Realizing your business strategy

With the official operation, the project is the evidence that CRC is gradually realizing its new renewable energy business development strategy announced at the 2020 Annual General Meeting of Shareholders.

Accordingly, CRC’s leadership has drastically implemented the implementation of new solar power projects with a moderate capacity of 1-4 MW. With the above capacity, the total initial investment required is not high, consistent with the current equity capacity of the business. In addition, the deployment time is fast, responsive in terms of progress to enjoy the above preferential electricity prices.

Targets from now to the end of the year, CRC’s management will implement drastically so that the total energized capacity in 2020 will reach 25 MW or more, before December 31, 2020. This is the milestone to enjoy the preferential price of 1,943 VND / kWh (equivalent to 8.38 cents / kWh), applicable for 20 years.

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