Ninh Thuan to stop investing in slow projects

The project includes Cong Hai Wind Power Plant in Thuan Bac District of Canada-based Greta Energy Inc, Gas Extraction and Charge Station in Ninh Son District of Hung Gia Anh Co Ltd, Hon Do Luxury Convalescence Tourist Area, Phuoc Hai Wind Power Plant, Yen Hotel&Department Phan Rang in Phan Rang city.

The committee reminded many other investors to ensure there was a commitment to finish procedures to begin building according to schedules.

Since 2001, the province has attracted investment from many domestic and foreign enterprises and economic groups. There have been 57 investment projects in the province, and many of them have been put into operation.

For example, the Luks cement factory of Ninh Thuan-based Luks Cement Viet Nam Co Ltd began building in February 2008 and was put into operation in August 2009.

With the total capital of US$26 million, the factory created jobs for local labourers.

In the first six months of this year, the factory produced 116,000 tonnes of cement with total revenue of more than VND121 billion (US$5.8 million).

However, dozens of projects in the province have been implemented slowly and progress is not ensured because of the lack of capital, said Pham Dong, head of the province’s Department of Planning and Investment.

For example, in Thuan Bac District, the Greta Energy Inc received an investment licence to build a wind power plant in the district’s Cong Hai Commune in May 2007.

Under the commitment, the plant began to be built in 2008 and was put into operation in April, 2009.