Manila, November 21 (Engineering Daily) -- The Ninh Thuan people's committee has been providing investors benefits to attract renewable energy projects to its region.
The region has created favorable environment for investors. They will allow the investors to be exempt from land rent during the implementation of projects and corporate income tax. Specifically, the corporate income tax will be immune to the investors for four years and it should be charged by half of the tax after the 5th year for the following 9 years. Furthermore, the imported goods related with renewable energy projects should not be imposed of tariffs.
Currently, 16 wind power projects are approved by the Primine Minister and 12 of them received licenses with 748 MW and a total registered capital of more than USD969 million.
Eventually, 82MW of wind power plants in Dam Nia, Mui Dinh, and Trung Nam is scheduled to be connected to the national grid before this year.
Meanwhile, Ninh Thuan plans to attract investment in wind power and solar power projects with a total capacity of 1,429MW and 3,912MW individually between 2018 and 2030.
