The offshore billion-dollar battle of the brother elected Thuy with 2 overseas giants

Accordingly, Orsted Group (Denmark) proposed the Tuy Phong offshore wind energy challenge with a complete anticipated capability of 4,600MW and a complete funding of about 368,800 billion VND.

The challenge requires survey on the ocean space of ​​about 50,000 ha (of which, the realm of ​​land and water floor is about 1,200 ha), overlapping about 40,471 ha with wind energy offshore Binh Thuan and wind energy off Co Thach Sea.

Not solely that, the proposed challenge space of ​​this Group can also be overlapping, affecting the maritime transport routes, exploitation, farming, ecology, marine surroundings and conventional fishing grounds of the folks. folks…

Coming earlier than the Danish investor are two tasks which have gone by way of plenty of course of steps resembling gathering feedback, adjusting the placement, supplementing and finishing the applying file… Binh Thuan Provincial Individuals’s Committee has additionally despatched a doc to the Prime Minister. Authorities, Ministry of Business and Commerce on these two tasks.

  The offshore billion-dollar battle of his brother elected Thuy with 2 foreign giants - Photo 1.

A sequence of offshore wind energy tasks price billions of {dollars} are ready for approval to be added to the ability plan VIII. Illustration

Particularly, Xuan Thien Ninh Binh Co., Ltd. with Binh Thuan offshore wind energy challenge has a capability of 5,000MW, whole capital is about 287,100 billion VND. Co Thach offshore wind energy 2,000MW registered to take a position by HLP Funding Joint Inventory Firm, whole capital is about 102,432 billion VND.

For Binh Thuan, in case all three tasks are added to the Energy Plan VIII, it can mark a brand new step for this province in attracting funding on the whole and within the vitality sector particularly.

Nonetheless, with the challenge with the biggest funding scale, and particularly, when understanding that the challenge overlaps many of the space, Orsted firmly refused to surrender the challenge’s funding place.

It’s identified that Orsted Group, previously often known as DONG Power (Danish Oil and Gasoline Firm), in 2017 was renamed “Ørsted” (Orsted) with the principle subject of exercise in growing, establishing and working web sites. Offshore wind farms, photo voltaic farms and vitality storage amenities, bioenergy vegetation and the availability of vitality merchandise.

The top workplace is positioned in Denmark and the Danish Authorities owns 50.1% of the shares. Orsted has put in about 5.6GW of offshore wind capability and is constructing a further 4.3GW of capability. The full offshore wind capability that the group hopes to put in worldwide by 2025 is 15GW.

A member of the consortium with Scatec Photo voltaic ASA from Norway, HLP Funding Joint Inventory Firm – HLP Make investments was established in 2017, with a constitution capital of VND three billion, working within the subject of electrical energy transmission and distribution.

Earlier than accompanying the Norwegian associate, on the stage of proposing to analysis and develop a challenge, HLP Make investments was as soon as in a consortium of three corporations (along with Dong Son Development and Buying and selling Joint Inventory Firm and Mirat Vietnam Power Joint Inventory Firm). Male). Nonetheless, after that, HLP Make investments was the one title left on this consortium, as a result of the remaining two members have been incompetent.

  The offshore billion-dollar battle of his brother elected Thuy with 2 foreign giants - Photo 2.

Mr. Nguyen Van Thien

Notably, on this billion-dollar “warfare”, Xuan Thien is the one “pure Vietnamese” investor. It’s identified that Xuan Thien Ninh Binh Co., Ltd belongs to the ecosystem of Xuan Thien Group with the Chairman of the Board of Administrators is Mr. Nguyen Van Thien, a tight-lipped big within the electrical energy trade and in addition the brother of elected Thuy.

As of September 2020, this chairman holds 55% of shares in Xuan Thien Group, the remaining 45% is owned by Mr. Thien’s household, together with elected Thuy.

In operation since 2000, Xuan Thien Group by way of many member corporations deal with electrical energy and cement manufacturing – the standard fields of the guardian group (Thai Group). Nonetheless, Thai Group additionally assigned the duty of implementing abroad funding tasks in hydropower, cement and resort resorts for Xuan Thien Group.

In 2014, when Xuan Thien Ninh Binh turned the primary Vietnamese enterprise to spend money on hydropower in Cameroon (Africa), it marked a turning level within the title of Xuan Thien Group. Additionally within the subject of electrical energy manufacturing, Xuan Thien alone is investing in exploiting greater than 20 home and overseas tasks.

Along with the big wind energy challenge in Binh Thuan, Xuan Thien Group can also be the investor of the Xuan Thien – Ea Sup solar energy challenge cluster in Dak Lak with a complete funding of greater than VND 50,000 billion. This is likely one of the largest solar energy tasks in Southeast Asia and the second largest on the planet. It may be seen that this group is elevating its ambition to develop additional with the sphere of electrical energy from renewable vitality.

Nguyen Anh

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