Malaysian firm helps develop Vietnam's wind energy sector

Timar Wind Solar Energy Malaysia will invest US$800 million in development of new renewable energy technology in Ninh Thuan.

The Malaysian firm will build factories to manufacture spare parts for the wind energy sector, supporting the province in providing lighting on major streets as well as building other works in the province.

The business also pledged to provide capital and technology if other wind energy projects in Ninh Thuan can be
run on a cooperative basis with Timar.

An MoU has been signed between Timar and the Ninh Thuan provincial People’s Committee on an investment cooperation.

Timar is expected to finish all procedures and start work in 2012.

The Chairman of the provincial People’s Committee, Nguyen Duc Thanh, said the province will support the plans of Timar and help facilitate the completetion of all legal procedures relating to investment to promptly implement the project.

For more.

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