The Petrovietnam Power Corporation (PV Power) has proposed the implementation of the Lam Son Clean Energy Production Complex project, with an investment of nearly USD 4bn in Ninh Thuan province.
The complex will consist of three components: a 1,440 MW pumped-storage hydropower plant with six units; a 3,500 MWp solar power project; and a 350 MW Battery Energy Storage System (BESS).
The total electricity output is expected to reach 5.87 billion kWh per year. The total investment is estimated at USD 3.98bn, with a land use requirement of approximately 184.2 hectares for the pumped-storage hydropower plant and 2,000 hectares for the solar power project.
The project is set to commence in 2026 and is expected to be operational by the end of 2030. It will utilise advanced storage battery and pumped-storage hydropower technologies to convert the less stable solar power into a reliable and flexible electricity supply, thereby realising the model of “self-production, self-consumption” solar power in Ninh Thuan. This aims to harness development potential and meet the goal of making Ninh Thuan a central hub for energy and renewable energy in the country.
The Ninh Thuan provincial leadership agreed and expressed their willingness to facilitate PV Power’s preparation of the project documentation. They also urged PV Power to proactively implement the investment procedures early and work closely with relevant departments and local authorities to prepare and submit the project proposal for approval by central ministries, aiming for operation in the investment phase of 2026 – 2030.
