Gia Lai Advances Major Renewable Energy Projects with Significant Investments

Gia Lai province in Vietnam is advancing three renewable energy projects with substantial investments, as part of its strategy to enhance energy infrastructure and promote sustainable development.

The projects include the Phu Thien Solar Power Plant, one of five solar power projects approved by the Gia Lai Provincial People's Committee in June 2025. The company behind this project, Huệ Anh Co., is expected to finalize design documents and land compensation procedures to commence construction in the first quarter of 2026, with operations planned for the fourth quarter of 2027. However, the project is currently facing delays due to unresolved connection agreements with the Central Power Corporation (EVNCPC), which have hindered progress on financing and power purchase agreements, according to local financial authorities.

“The delay in finalizing the connection agreement directly impacts the project's progress and financing arrangements.”Gia Lai Department of Finance

Another significant project is the KN Ialy Solar Power Plant, developed by IALY Gia Lai Solar Power Joint Stock Company. Approved for investment in May 2021 and adjusted in June 2025, this project has a capacity of 500 MW and a total investment of approximately 9.56 trillion VND (about $400 million). Initially scheduled to start construction in the second quarter of 2022, the timeline has been extended, with the company now required to expedite design approvals and land compensation to begin work in early 2026, aiming for completion by the third quarter of 2028. Environmental impact assessments for this project were completed in April 2026.

“We need to expedite the design approvals and land compensation to ensure we meet the construction timeline.”Huệ Anh Co.

Additionally, the Vinh Son 4 Hydropower Project, initiated in October 2020, is under construction and expected to be completed by the third quarter of 2027. This project reflects the province's efforts to diversify its energy sources while addressing growing electricity demands.

Local officials emphasize the importance of resolving connection issues with EVNCPC to ensure timely project execution. The Gia Lai Department of Finance has urged the Department of Industry and Trade to assist in negotiations to address these challenges.