Nghe An attracts major mega investment projects

Deputy Prime Minister Bui Thanh Son has signed Prime Ministerial Decision No 1706/QD-TTg, approving the investment policy for the WHA Industrial Zone 2 - Nghe An project, located in the Nam Cam D Industrial Park, central Nghe An province, and WHA Industrial Zone Nghe An Joint Stock Company as the investor.

The project spans 183.37 ha in Nghi Loc district and has a total investment capital of VND1.2 trillion ($68 million), with VND216 billion ($12.3 million) contributed by the investor.

Its objective is to develop industrial park infrastructure, creating a clean land fund and synchronous infrastructure to attract secondary projects for production and business activities.

Previously, WHA Industrial Zone Nghe An Joint Stock Company was the investor of the WHA Industrial Zone 1 - Nghe An project, approved by the Prime Minister in 2017, with a scale of 498 ha.

Furthermore, the People's Committee of the central province has approved the investment policy and the investor for the 500 kV Quynh Luu Substation and connection line project, in collaboration with the National Power Transmission Corporation.

The project's objective is to enhance the stability of power supply for local loads, reduce power loss in the power system, improve the production and business efficiency of Vietnam Electricity and the National Power Transmission Corporation.

Additionally, it aims to contribute to improving power transmission capacity, ensuring power supply for the North, and releasing renewable energy sources for the Central and Southern regions.

The Quynh Luu Substation project has a designed capacity of 1,800 MVA and a total investment capital of nearly VND2.3 trillion ($130.7 million).