Lam Dong reviews 14 energy projects overlapping titanium reserves

Lam Dong province's Department of Agriculture and Rural Development is gathering data on 14 wind and solar power projects. These projects are situated within areas designated for titanium mineral reserves, creating a conflict that the province is now seeking to resolve.

The provincial Department of Industry and Trade has provided details on the renewable energy projects. Of the 14 projects, six are wind farms and eight are solar farms. Twelve of these projects are already operational, while two are awaiting power purchase agreements and are expected to adopt transitional electricity prices. The overlap with mineral reserves, particularly titanium in the former Binh Thuan region, has caused complications.

These renewable energy initiatives represent a substantial economic contribution to the local budget. The 14 projects have a total investment capital exceeding 28.16 trillion Vietnamese dong (approximately $1.1 billion USD). Collectively, they produce around 1.9 billion kWh of electricity annually and are estimated to contribute about 328.5 billion Vietnamese dong (approximately $13.4 million USD) in VAT revenue each year.

The wind power sector shows significant investment scale, with six projects totaling about 14.487 trillion dong, producing nearly 951.5 million kWh annually and contributing an estimated 151.6 billion dong in VAT. The solar power projects, with a total investment of about 13.675 trillion dong, generate over 949 million kWh yearly and contribute an estimated 176.9 billion dong in VAT. The provincial government has previously reported this overlap to the central government, seeking solutions to prevent resource wastage.