Agribank provides credit of VND 1,000 billion for Kosy Bac Lieu Wind Power Plant project
Kosy Bac Lieu Wind Power Joint Stock Company has just signed a credit financing contract for the Kosy Bac Lieu Wind Power Plant project – phase 1 with Agribank in Transaction Office and Agribank in Tay Ho Branch.
The event of signing a credit contract between Kosy Bac Lieu Wind Power Joint Stock Company – a member of Kosy Group and Agribank marked an important step forward, affirming the capacity and prestige of Kosy Group, ensuring financial resources for the project to deploy, towards the goal of bringing the Kosy Bac Lieu Wind Power Plant to generate electricity and connect to the national grid before October 30, 2021.
Kosy Group Chairman – Dr. Nguyen Viet Cuong (in the center) signs a credit financing contract with Agribank’s Branch Director – Mr. Le Van Xuat (left) and Agribank’s Director of Tay Ho Branch – Mr. Do Van Tuan (right) in the presence of the parties.
Kosy Bac Lieu Wind Power Plant Project has a total capacity of over 200 MW, an area of about 6,600 hectares, located in Hoa Binh district, Bac Lieu province, by Kosy Bac Lieu Wind Power Joint Stock Company – a member of the Kosy Group.
Phase 1 of the project, approved by the Prime Minister and added to the power plan VII, has a capacity of 40 MW, with a total investment of 1,600 billion VND. Once completed and generated, the plant will provide an average wind power output of about 115 million kWh/year, contributing to ensuring energy security and promoting socio-economic development.
The project was started in early October 2020 and was built day and night. During the last Lunar New Year, the Project Management Board and contractors worked during Tet, without holidays to race with the progress. After 5 months of extremely urgent construction, up to now, the project has completed a large amount of work, exceeding the original plan. The construction for the path and internal roads has been completed, enough conditions to transport machinery and equipment to the turbine foundations.
Massive pile driving, concrete foundation turbine is urgently deployed. Along with that, is the construction of substations, lines, operation management area… Goldwind International has delivered 9 sets of turbine foundation bolts to the construction site and is being installed, turbines are also installed. is committed by the company to deliver the goods in accordance with the contract agreement. With this progress, the plant will generate commercial power and connect to the national grid before October 30, 2021.
Dr. Nguyen Viet Cuong – Chairman of Kosy Group, Chairman of the Board of Directors of Kosy Bac Lieu Wind Power Joint Stock Company spoke at the signing ceremony.
Speaking at the signing ceremony, Dr. Nguyen Viet Cuong – Chairman of Kosy Group/Chairman of Kosy Bac Lieu Wind Power Joint Stock Company shared: “Agribank is a major financial partner of Kosy Group, having successfully cooperated with Kosy Group in the 34 MW Nam Pac hydropower project in Lai Chau with a credit grant of nearly VND 700 billion and a number of other projects. other real estate projects. The credit contract of nearly VND 1,000 billion for the Kosy Bac Lieu Wind Power project signed today has continued to affirm the prestigious and sustainable cooperation between Kosy Group and Agribank in general, Agribank Transaction Office Branch and Agribank Tay Ho branch in particular, promoting the business strengths of the parties in the present and in the future.”
Founded in 2008, Kosy Group is known for its two key areas of real estate and renewable energy. In the field of renewable energy, besides the Kosy Bac Lieu wind power project phase 1 – 40 MW, the Nam Pac hydropower project – 34 MW in Lai Chau of Kosy Group is also accelerating to the finish line.
Mr. Le Xuan Trung – Deputy General Director of Agribank (right) attended and congratulated the success of the signing ceremony.
In the coming time, Kosy Group will continue to implement many other energy projects such as: Pa Vay Su – Lai Chau hydropower project (37 MW); Muong Tung – Dien Bien hydropower project (35 MW); Kosy Bac Lieu wind power project – phase 2 (50 MW), phase 3 (100 MW); Kosy Binh Thuan solar power project (200 MW) and a number of other hydropower projects in Lao Cai, Dien Bien, Lai Chau provinces… by 2025, Kosy Group will have over 500 MW of hydropower and wind power, solar power to generate electricity, connect to the national grid.
In the field of real estate, Kosy Group is deploying many modern and large-scale urban areas in the following provinces: Thai Nguyen, Ha Nam, Ninh Binh, Lao Cai, Hanoi, Phu Tho, Nghe An, Ha Tinh, Long An, Ben Tre, Bac Lieu…and other localities across the country. These are all projects with a large total investment, located in key and dynamic economic regions of the country, promising to bring outstanding value to Kosy and investors.