Once the project comes into operation, it will later on serve as a base for the two parties to construct an additional solar panel production plant in the province’s Sao Mai Industrial Park.

 

However, before implementing the solar power plant, Koyo will install a 1MW solar power generator system with the  total investment capital of $1.5 million for International Development and Investment Corporation (IDI), Sao Mai’s subsidiary in Vam Cong Industrial Cluster in the southern province of Dong Thap’s Lap Vo district. Following this, Sao Mai’s remaining factories in Vam Cong Industrial Cluster will be equipped with 1MW solar power generators.

 

Co-operating to build the solar power plant marks the deepening relationship between the two parties. Since December 2015, Koyo and Sao Mai have been actively implementing cooperation programmes. Notably, Koyo has provided a number of products for Sao Mai to use, including LED lighting systems saving energy in the group’s manufacturing plants, and an outdoor intelligent lighting system using solar energy for advanced urban residential areas and resorts.

 

Chairman Koi-chi-Kawa-ji said that Koyo will provide technical support for Sao Mai to develop large-scale solar power projects in the central provinces of Binh Thuan and Ninh Thuan. In addition, Koyo will co-operate with Sao Mai to develop projects in Africa.

 

Established in 1996, Koyo specialises in manufacturing energy-saving products and providing a range of products and services that support the continued operation of businesses and government agencies during emergencies, such as natural disasters including earthquakes, tsunamis, and floods or a breakout of infectious diseases. In addition, it constructs and operates solar power plants in Japan and Africa. 

 

Meanwhile, Sao Mai is a conglomerate operating in the real estate, seafood processing, and cooking oil manufacturing sectors. It currently has 15 member companies with a total chartered capital of VND6 trillion ($264.8 million).