Sterling and Wilson to build 300 MW Solar PV plants in Vietnam by June 2019
KUALA LUMPUR: Sterling and Wilson plans to construct 300 MW of Solar PV plants in Vietnam by June 2019.
These projects would be const ruc ted for leading developers in Vietnam with whom the company is under advance discussions and would attract an investment of US$ 250 million ( RM966.13 million), a statement said.
Once completed, the projects will generate 270 million units annually and thereby reduce CO2 emission of 250000 tonnes per annum.
The company would be hiring local talent to construct and maintain the solar projects, thereby contributing to the socioeconomic development.
The projects would generate employment for nearly 600-700 people during construction and 50 people during the maintenance phase of 20 years.
“Vietnam is one of the fastest growing economies in the world with nearly 8 to 10 per cent annual increase in power consumption by industries who are the largest consumers of electricity in the country,” said chief executive officer, Renewable Energy and Energy Storage at Sterling and Wilson, Bikesh Ogra.
“We are closely working with leading developers to join the larger aim of bringing affordable and clean energy to Vietnamese,” he added.
S t e rl i ng and Wil s on, headquartered in Mumbai is one of the leading Solar EPC players globally. The company has a solar portfolio in various geographies including India, Philippines and South Africa. — Bernama