Approval of the investment policy for the An Giang 1 Biomass Power Plant Project.

The People's Committee of An Giang province has just issued a decision approving the investment plan for the An Giang 1 Biomass Power Plant Project in Vinh Gia commune, with a total capital of 2,930 billion VND and an operating period of 50 years. This is a large-scale renewable energy project aimed at utilizing agricultural by-products to generate electricity, reduce transmission losses, and contribute to ensuring the province's energy security.

*An Giang province has just approved the investment plan for the An Giang 1 Biomass Power Plant with a capacity of 50MW and a total capital of 2,930 billion VND.*

The project was implemented through a bidding process to select an investor, meeting the requirements for advanced technology, environmental friendliness, and the ability to ensure a stable and long-term supply of biomass fuel.

The power plant project is situated on an area of 15.26 hectares and includes one 50MW unit, utilizing condensing thermal power and chain grate boiler technology. The electricity generated will be integrated into the national power grid at 110kV.

The connection infrastructure includes the construction of a new 110kV substation with a capacity of 63MVA, the expansion of one feeder bay at the Tri Ton 110kV substation, and the construction of 15.65 km of double-circuit 110kV transmission lines connecting to the Tri Ton substation.

In addition, the project includes the construction of a fuel storage area, a receiving port, internal roads, and other facilities to support the plant's operation.

According to the approved plan, the project will select an investor in Q1/2026, finalize investment preparation documents in Q3/2026, commence construction in Q4/2026, conduct trial construction from Q4/2026 to Q3/2029, and officially begin operation in Q4/2029. The project will receive incentives and support in accordance with current regulations on clean energy investment.

The People's Committee of An Giang province has assigned the Provincial Department of Industry and Trade to perform the functions and duties of the inviting party and to promptly prepare and submit the inviting party's documents for approval to the Provincial People's Committee in order to determine the number of investors interested in the project in accordance with the law.

The organization is responsible for selecting investors through a bidding process, ensuring that the chosen technology is modern, environmentally friendly, and compatible with available fuel sources; monitoring progress, conducting on-site inspections, and proposing solutions to any obstacles encountered during the project; and is accountable for organizing the bidding process to select investors in accordance with the law on bidding and relevant specialized laws.

At the same time, the People's Committee of An Giang province assigned the Department of Finance to carry out the procedures for approving investors in accordance with the law on investment in cases where only one investor registers and meets the conditions for inviting expressions of interest, or where multiple investors register but only one investor meets the conditions for inviting expressions of interest.

Approve investors in cases where only one investor meets the criteria; appraise bidding documents and investor selection results; monitor progress; advise on handling violations of regulations by the project; preside over and coordinate with relevant agencies; and advise the Provincial People's Committee on promptly resolving difficulties and obstacles for investors during project implementation.

The Department of Agriculture and Environment is tasked with guiding the implementation of land and environmental procedures; monitoring financial obligations; reviewing and handling public land, ensuring that no state assets are lost…

The An Giang 1 Biomass Power Plant project is expected to become a highlight in the province's renewable energy development strategy. This will contribute to the efficient utilization of agricultural by-products, create local jobs, and increase the supply of clean electricity for the Southwest region.

Source: https://congthuong.vn/chap-thuan-chu-truong-dau-tu-du-an-nha-may-dien-sinh-khoi-an-giang-1-434417.html