889 kWp, PPA – O&M Mekong Plastic, Tien Giang

Solar power installation project 889 kWp PPA – O&M Mekong Plastic

Mekong Plastic is a prominent company that produces and exports plastic bags for various markets. The company has three factories in Tien Giang, Ben Tre and HCM City, with a total workforce of 1500 people and a production capacity of 15 million bags per month. The company is not only committed to providing the best products and services to its customers, but also to reducing its environmental impact and enhancing its social responsibility. By investing in a solar power installation project of 889 kWp, Mekong Plastic has demonstrated its commitment to green production and environmental protection.

• Solar power installation project 769 kWp, PPA – O&M Mekong Plastic, Ben Tre
• Solar power installation project 2 MWp, PPA – O&M Ba Trinh, Binh Thuan

Why Mekong Plastic chose Vu Phong Energy Group for its solar power installation project

Mekong Plastic chose Vu Phong Energy Group as its partner for its solar power installation project because of the following reasons:

Vu Phong Energy Group is one of the leading companies in Vietnam that provides high-quality and cost-effective solutions for solar power installation projects. The company has more than 10 years of experience and over 200 projects completed, with a total capacity of more than 300 MWp. Vu Phong Energy Group has a team of professional and experienced engineers, technicians, and consultants who can provide the best solutions for the specific needs and expectations of Mekong Plastic. Vu Phong Energy Group also offers a range of services, such as site survey, system design, installation, operation, maintenance, monitoring, and warranty. Vu Phong Energy Group guarantees the quality and safety of its products and services, as well as the satisfaction and trust of its customers. Vu Phong Energy Group has the certificates and licenses required by the authorities, such as ISO 9001, ISO 14001, OHSAS 18001, and MOIT.

• Solar power installation project 1,45 MWp , PPA – O&M Lac Long, Long An
• Solar power installation project 1 MWp, PPA – O&M Radiant, Binh Phuoc

Another reason why Mekong Plastic chose Vu Phong Energy Group for its solar power installation project is that the project type is PPA (Power Purchase Agreement), which means that Mekong Plastic only pays for the electricity generated by the solar system. Vu Phong Energy Group is responsible for designing, installing, operating, and maintaining the system for 20 years. This way, Mekong Plastic can enjoy the benefits of solar power without having to invest a large amount of capital upfront.

How the solar power installation project benefits Mekong Plastic

The solar power installation project benefits Mekong Plastic in many ways. First, the project helps Mekong Plastic save on electricity costs and increase its profitability. According to the data from Vu Phong Energy Group, the project has generated more than 1,300 MWh of electricity in the first year, saving Mekong Plastic about 1.3 billion VND in electricity bills. The project has a payback period of less than 7 years and a return on investment of over 16%.

Second, the project helps Mekong Plastic reduce its carbon footprint and contribute to the environmental protection and the national target of reducing greenhouse gas emissions by 9% by 2030. The project has reduced the CO2 emissions by 1,050 tons per year, equivalent to planting more than 26,000 trees.

Third, the project helps Mekong Plastic enhance its brand image and reputation as a green and responsible company. The project also helps Mekong Plastic attract more customers and partners who share the same values and vision.

Vu Phong Energy Group