The signing took place during the Binh Dinh Investment Conference on March 29 in the presence of senior leaders of central and local government. The Binh Dinh Investment Conference serves as a platform to showcase the province’s investment potential and entice local and international investors to participate in its economic growth.
Under the terms of the MoU, Nexif Ratch Energy will explore and develop the project with an estimated investment of $230 million. The project aims to output 433,500MWh of clean energy per year for local people and industries. The project is also expected to bring significant positive social and economic impact to the province, with more than 100 jobs and a VND500 billion ($20 million) VAT contribution during the construction and 15 jobs and a VND50 billion ($2 million) VAT contribution during operation.
Nexif Ratch Energy brings its extensive expertise in renewable energy project development to the table, backed by a track record of successful ventures across the region. With a focus on sustainability, innovation, and community engagement, Nexif Ratch Energy is poised to leverage its capabilities to drive positive development in Binh Dinh.
Binh Dinh, known for its rich natural resources and strategic location, presents an ideal environment for renewable energy development. By harnessing the region’s abundant renewable energy potential, the partnership aims to bolster energy security, reduce greenhouse gas emissions, and stimulate economic growth while creating new employment opportunities for local communities.
Speaking at the MoU signing event, Cyril Dissescou, CEO of Nexif Ratch Energy expressed his enthusiasm about the partnership, saying, “We are thrilled to collaborate with Binh Dinh province to unlock the full potential of renewable energy in the region. The signing of this MoU shows the strong support and cooperation between the leaders of Binh Dinh province for our project. We expect that the province will propose the plan for the provincial list of the Power Development Plan VIII implementation plan so that we can quickly implement the project.”
The signing of the MoU between Nexif Ratch Energy and Binh Dinh represents a significant step forward in Nexif Ratch Energy’s pursuit of sustainable energy solutions in Vietnam. As the country continues to embrace renewable energy as a key driver of economic growth and environmental stewardship, partnerships like this will play a pivotal role in shaping a more sustainable and resilient energy landscape for the future.
Thanh Van
