SLICC's eye on solar investment

For the purpose of experience investigation into solar power investment, last week, the task force of Song Lam Investment & Constructions Co., Ltd. (SLICC) led by the director, Mr. Nguyen Nhu Hung, travelled to learn about power plant models existing in Korea from May 11 to 15, 2016. The team visited Sihwa Seawall terrestrial solar power plant which has an area of 6.9 hectares with a capacity of 3 MW. Solar panels that harness the sun’s power to generate electricity provide clean power for homes, communities and businesses, and help cut down carbon emissions. Current estimate shows that solar power plants have been contributing 1 GW to Korea power need and there are more and more solar photovoltaic plants to be built here.
Sihwa Seawall terrestrial PV plant
At Sihwa Seawall terrestrial PV plant
Mr. Hung also had meetings with senior representatives of some Korea businesses such as LS IS Co., Ltd., WooriByul Co., Ltd., Green Solution Co. to exchange pratical experience and views of cooperation on solar power development during his visit.
In Vietnam, the clean power or renewable energy is just at the beginning of development. Located near the equator with quite high daily sunshine hours, Vietnam owns abundance potentials in solar power. Solar power is expected to help balance power supply and demand during daytime peak-load period and reduce the need for fossil fuel generation as well as cut down carbon emissions.
According to the MoIT’s Deputy Minister, Mr. Hoang Quoc Vuong, however, Vietnam still lacks development strategies and programmes on renewable energy and existing policies and mechanisms have not set up appropriate financial mechanisms as well as other incentives in favour of solar power growth yet. Hence, on May 11 in Ha Noi Deputy PM Trinh Dinh Dung chaired a meeting with relevant ministries and agencies to build appropriate mechanisms to support the development of solar power and to finalize the PM’s draft decision on solar power development inclusive of regulations on energy rate support and investment formality clearness.
In addition, the team came to see Cheongpyeong Hydropower Plant (200MW x 2) (started in 12.1974 and completed in 04.1980) which is now under the control of Korean Hydro & Nuclear Power Co., Ltd. (KHNP). This first hydropower under the form of pumped storage has the longest history of development and the greatest number of operation in Korea.

Inside the subway to machine hall of Cheongpyeong pumped storage hydroppower
Controlling frequency of national grid and supplying power to power shortage areas are two major assigments of Cheongpyeong Hydropower Plant. Currently, it serves tourism services as well.