On October 2 the Asian Development Bank (ADB) financed Vietnam's first floating solar power generation business using the Leading Asia's Private Infrastructure Fund (LEAP) funded by JICA. A total of 37 million dollars) was signed.
This is the first floating solar power project in Vietnam which reduces dependence on coal and diesel fuel and promotes the use of cleaner domestic energy resources. In particular in the central and southern parts of Vietnam where solar radiation suitable for solar power generation can be obtained the power generation business in which solar panels are laid on the water without restrictions on land acquisition will be further promoted in the future. The introduction of is expected.
This project is a solar power generation business that generates solar panels with a rated capacity of 47.5MW by laying solar panels on the reservoir lake of the Dharmy hydroelectric power plant in Binh Thuan province in central Vietnam. ADB's financing includes a $ 4.4 million loan from LEAP.
The Dharmy hydroelectric power plant was built in the 1990s through the Japanese ODA loan Hamtuan Dharmy Hydroelectric Power Plant Construction Project.
LEAP is mentioned in the follow up measures of the Quality Infrastructure Partnership announced by the Japanese government on November 21 2015 and targets private sector infrastructure projects in the Asia and Oceania region. Assistance is provided through loans for infrastructure projects implemented through various forms such as public private partnership (PPP).
In March 2016 JICA approved a $ 1.5 billion investment in overseas investment in LEAP. Since the start of operations we have approved a total of US $ 500 million to date and have provided support for high quality infrastructure projects in a wide range of fields such as health business in India and Indonesia and renewable energy business in Mongolia and Thailand. The LEAP currently has 12 loans and has mobilized a total of $ 3.7 billion from ADB's own account and other co financing partners. LEAP supports a wide range of high quality sustainable private sector infrastructure projects in ADB member countries in the Asia Pacific covering a wide range of areas such as greenhouse gas reduction energy conservation and medical services at a reasonable price. .
JICA will continue to collaborate with countries and international organizations to promote quality infrastructure investment and contribute to economic and social development in developing countries and regions based on the Sustainable Development Goals (SDGs). To go.
Source: Japan International Cooperation Agency