Ho Chi Minh City pushes forward 6,000-MW offshore wind power project
Vice Chairman of the Ho Chi Minh City People’s Committee Nguyen Cong Vinh met with municipal departments and agencies on the morning of August 20 to review the feasibility study for the Can Gio 2 offshore wind power plant project.
On August 20, the Vice Chairman of Ho Chi Minh City's People’s Committee, Nguyen Cong Vinh, convened a meeting with city departments to assess the feasibility study for the Can Gio 2 offshore wind power project. This ambitious project aims to generate 6,000 MW of electricity, set to be constructed in the Can Gio Sea, located approximately 10-18 km from the shore.
The preliminary investment requirement for the project is estimated at VND587.73 trillion (US$22.5 billion), which will be financed through equity, commercial loans, and Export Credit Agency (ECA) funding. The site selection for the project ensures that it remains outside the core zone of the Can Gio Mangrove Biosphere Reserve and benefits from steady wind speeds between 7-9 meters per second.
At the meeting, city agencies proposed operational commencement of the project between 2025 and 2030, once the city finalizes its investment policy. Nguyen Cong Vinh emphasized that offshore wind power is a key sector Ho Chi Minh City is targeting for investment attraction, with the aim of diversifying its energy mix, lowering emissions, and preserving the environment. The city is currently finalizing the necessary planning schemes to attract investors in line with the relevant regulations.
Written by urgent.news from SGGP English Edition Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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