Investor insists on hydropower development in national park

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VietnamNet English - 38 month(s) ago 19 readings

Investor insists on hydropower development in national park

Duc Long Gia Lai Group has reaffirmed its intention to pursue the Dong Nai 6 and Dong Nai 6A hydropower projects in Cat Tien National Park despite grave concerns over their impact on the eco-system there.



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The company’s investment director, Pham Hung, told the Daily on Thursday that his company had promised to minimize the projects’ impact on the forest so as to win investment licenses from the Ministry of Planning and Investment.

If approval is forthcoming, the firm will start work on the projects in the second quarter next year.

Scientists have in recent times voiced their objections to the two projects, indicating 372 hectares of forest would be chopped to make room for two reservoirs, with 137 hectares of it in Cat Tien National Park.

The hydropower plants, they said, will cause devastating consequences to the environment, eco-system, and forests in the Dong Nai River basin.

“We will garner opinions from scientists and Vietnam’s leading consultants to redo the environmental impact assessment for Dong Nai 6 and Dong Nai 6A in a way that will reduce the effect on Cat Tien National Park,” said Hung.

Nguyen Dinh Trac, Duc Long Gia Lai’s general director, has signed a memorandum of understanding with a foreign partner to develop the two projects with a total capacity of 241 MW under the clean development mechanism (CDM).

The foreign firm will buy certified emission reduction credits (CER) in these two projects with around 559,120 units each year from 2017. The price of CER depends on the scale of each project but often ranges from US$8 to US$16 each.

Gia Lai Province-based Duc Long Gia Lai Group is active in multiple sectors, including rubber, transport and hydropower. The firm is working on around 10 small hydropower plants nationwide with a total capacity of 600 megawatts and planning to invest in more projects in the future.

SGT

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