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The Shinsung Group from the Republic of Korea (RoK) kicked off two solar power projects worth a total of nearly 2.4 trillion VND (about 110 million USD) in the Central Highlands province of Dak Nong on December 11.
RoK's Shinsung Group invests in solar power projects in Dak Nong (Source: VNA)
Accordingly, a solar power plant will be built in Dak Song district and the other plant producing solar modules will be constructed in Dak R’lap district.
The kick-start was made during a Dak Nong - RoK investment promotion conference held the same day with the participation of about 150 local businesses and 50 RoK enterprises operating in trade, industry, mechanics, and agriculture.
According to the RoK businesses, Dak Nong has potential not only in agriculture but also mineral industry.
Chairman of the provincial People’s Committee Nguyen Bon said that the province is focusing on attracting investment in key industries, such as alumina refining, agri-forestry processing, and high-tech agriculture.
So far, the province has lured as many as 49 investment projects with a total capital of 55 trillion VND (2.4 billion USD), he added.
Shinsung is the first RoK enterprise to pump money into Dak Nong.
Address: 23/3 street Gia Nghia town, Dak Nong province.