News Detail - Quang Tri Portal

Over the past time, Green Energy Dohwa Co., Ltd. was approved by Quang Binh PPC to invest in two projects in the province, including Dohwa-Le Thuy solar power plant project and Quang Binh energy tablet manufacturing factory project. The company has endeavored to implement investment procedures as prescribed and achieved some certain results.

Specifically, Dohwa-Le Thuy solar power plant project has a total investment of USD 55.6 million, of which equity is USD16.7 million, loan is USD 38.9 million, was started in 2017. Up to now, Green Energy DOHWA Co., Ltd has basically completed the procedures of investment, unexploded ordnance clearance and site clearance compensation in the whole project area; disbursed USD 3.2 million. During the implementation of this Project, the Company is facing several problems regarding the procedure of appraisal/agreement dossiers with related ministries and central agencies; procedures of connecting road to the Factory; the government's adjustment for electricity price applied after June 30, 2019... resulting in the project is behind schedule...

For the project of Quang Binh energy tablet manufacturing factory, it was issued an investment registration certificate by the Management Board of Quang Binh Economic Zone on April 8, 2016, the first change was on September 6, 2016. with total estimated investment of VND 240 billion, so far, the project has completed the signing of land lease contract and was granted a land use right certificate; dossier of construction drawing design; environmental impact assessment report; support for asset compensation on land and land clearance, leveling... However, the progress of the project is behind schedule, the main reason is that the world market price of tablet dropped sharply right after the project was approved, the world oil price declined, and the amount of input materials was not enough for long-term production... so that the Company has to balance investment efficiency.

At the meeting, delegates discussed and analyzed the difficulties and obstacles leading to the delay of projects. Representative of the company leader also asked Quang Binh province to extend the implementation duration, creating conditions for the development of input materials as well as the province's incentives for effective deployment of the projects. Besides, the Company also pledged to fully prepare investment capital and procedures to select contractors... in order to deploy synchronous construction of projects as soon as problems are removed, ensuring completion and put into operation before October 2020.

Addressing at the meeting, Standing Vice Chairman of the PPC emphasized that over the past time, the PPC has actively directed the related departments and branches to create favorable conditions for Green Energy Dohwa Company to deploy timely investment projects in the province, but so far the project has been behind schedule. By considering the problems, he agreed to extend the duration to implement the projects and the next implementation roadmap of the investors, and asked the Company to consider this as the final commitment to resolve to implement projects, ensuring operation before October 2020. In addition, Standing Vice Chairman of PPC also assigned specific tasks to related departments, branches and localities to partner up and support the Company in the process of implementing projects, especially the preparation of raw materials…

Quang Binh Portal