ACWA Power Achieves commercial operation of VINH HAO 6 Solar PV IPP

• The plant was energized on June 7, 2019 and receive the Commercial Operation Date (COD) certificate on June 18

The Electricity of Vietnam- the country’s single off-taker - officially announced that the Vinh Hao 6 solar power plant in the Vietnamese province Binh Thuan has reached Commercial Operation Date (COD) after completing a series of necessary tests and commissioning procedures.

ACWA Power, a leading international developer and operator and FECON, a Vietnamese enterprise in infrastructure construction have jointly invested in this USD 58 million Vinh Hao 6 PV IPP constructed on an area of 60 ha. The plant has a design capacity of 50MWp to provide 83 million KWh/year to the national grid.

Commencing construction on October 2018, the plant was energized on June 7, 2019 and receive the Commercial Operation Date (COD) certificate on June 18, 2019 becoming the first project in the Binh Thuan province to pass the conditional test and start energizing the same day. Then on June 18, well ahead of the June 30, 2019 deadline for plants to dispatch at the tariff of 9.35 cents/kWh for 20 years, the Vinh Hao 6 solar power plant reached COD before the deadline of June 30, 2019, operating at a tariff of 9.35 cents /kWhm

Vino Hao 6 is the first power plant invested and developed by ACWA Power in Vietnam to reach COD. This is also the first cooperation between ACWA Power and FECON, in the context of the policy of Vietnamese Government promoting the development of renewable energy.

In addition to Vinh Hao 6, ACWA Power and FECON are discussing the implementation of Vinh Hao 6 phase 2 and other wind projects in nearby provinces.