DANANG – VinEnergo Energy JSC, an energy company under Vingroup, has been selected as the investor for the first phase of Hon Trau Wind Power Plant in Gia Lai Province, a 750-megawatt project with a total investment of VND48.37 trillion.

The selection was approved under Decision No. 464/QD-UBND issued by the Gia Lai provincial government on February 3, which confirmed VinEnergo met the requirements of the investor prequalification process. The project is designed to generate about 2.8 billion kilowatt-hours of electricity a year once in operation and supply power to the national grid. The wind farm includes two turbine zones, HT 1A and HT 1B, located in both offshore and onshore areas across several communes and wards, including Phu My Dong, Phu My Bac, Cat Tien, and Quy Nhon Dong, according to the decision. The project will use about 32.01 hectares of sea surface area and 17.61 hectares of land on a fixed-term basis. The exact areas will be finalized during the feasibility or technical study stage and submitted for approval under regulations. The project is scheduled to be completed and begin operations no later than the fourth quarter of 2029, with an operating term of 50 years. The decision requires the investor to implement the project in line with the approved detailed construction plan and prohibits project transfer or changes in ownership, including shares or capital contributions, without written approval from competent authorities. Violations could lead to project termination without compensation. If the investor fails to start project preparation or implementation within 12 months from the approval date, or cannot meet the registered schedule without a valid reason, the project may be terminated under current rules. Established in March 2025, VinEnergo plans to invest in renewable energy and battery energy storage projects in Vietnam, Laos, India, Indonesia, and the Philippines, with a combined planned capacity of up to 80 gigawatts, according to its website. VinEnergo and Vingroup are also the investors of the Haiphong LNG Power Plant Phase 1 at Tan Trao Industrial Park, which received an investment registration certificate on June 23, 2025. The LNG project has a designed capacity of 4,800MW and total investment of VND40.09 trillion, with construction scheduled to start in April 2026.