Trung Nam solar power company profits nearly 140 billion

KN Holdings has signed a cooperation agreement with Samsung C&T to develop three outstanding solar power projects with a total architectural project capacity of 864 MW, providing clean electricity to large consumers. The signing ceremony of the memorandum of understanding (MOU) during the State visit to Korea on August 12 in Seoul. The Vietnam – Korea Economic Forum was organized by the Ministry of Finance of Vietnam in coordination with the Ministry of Trade, Industry and Energy of Korea (MOTIE), the Korea Chamber of Commerce and Industry (KCCI) and the Embassy of Vietnam in Korea with the theme “Cooperation to develop production chains in the new era”. Ms. Le Nu Thuy Duong, Vice President of KN Holdings Group and Mr. Heo Wook, Vice President of Global Investment, Samsung C&T (two from left) signed the cooperation agreement. Photo: KN Holdings Ms. Le Nu Thuy Duong, Vice President of KN Holdings Group and Mr. Heo Wook, Vice President of Global Investment, Samsung C&T (two from left) signed a favorable cooperation agreement. Photo: KN Holdings According to the agreement, KN Holdings Group and Samsung C&T Company will jointly develop three floating solar power projects at the hydropower reservoirs of KN Srepok 3, KN Ialy Gia Lai and KN Ialy Kon Tum. The projects apply a reasonable mechanism of direct power purchase agreement (DPPA), prioritizing the supply of clean electricity to large consumers. The project helps reduce greenhouse gas emissions, provides the use of renewable energy, and contributes to the implementation of Vietnam’s green energy transition goal. A representative of KN Holdings said that Samsung C&T (a member company of Samsung Group) is an enterprise with experience in developing many large-capacity renewable energy projects globally. The two sides will cooperate to develop KN Holdings’ famous solar power projects, applying modern technology to optimize investment and operation efficiency, creating clean energy sources. The signing ceremony of the Memorandum of Understanding at the Vietnam – Korea Economic Forum, a high-level event co-chaired by the leaders of the two countries, marked a step forward in KN Holdings’ clean capacity development strategy. “The event can carry out a reasonable orientation of new capacity between Vietnam and Korea, in line with the commitment to reduce emissions and develop a green economy of both countries,” said a representative of the enterprise. General Secretary To Lam and South Korean Prime Minister Kim Min Seok witnessed the enterprises signing the cooperation agreement. Photo: KN Holdings General Secretary To Lam and South Korean Prime Minister Kim Min Seok witnessed the enterprises signing the cooperation agreement. Photo: KN Holdings The forum was attended by General Secretary To Lam, South Korean Prime Minister Kim Min Seok and senior leaders of the two countries. More than 400 leading enterprises and more than 500 delegates from Vietnam and Korea also attended. Hoang Dan