Yongfu Power signed a EPC Contract with Vietnam Truong Thanh-Binh Thuan Solar Power Co., Ltd. for Ham Kiem ground PV Power on December 28, 2018. The project, with contract price of USD 47.04 million (equivalent to RMB 322,967,200), is Yongfu’s first EPC project awarded in Vietnam, which trumpets the company's overseas business in the Vietnam and is also the milestone from where Yongfu will endeavor to develop its business.

Located in Ham Kiem commune, Ham Thuan Nam district, Binh Thuan Province, Vietnam, the project covers an area of 55.6 ha. and has a total installed capacity of 49MWp. The first year’s power generation is expected to be 77.665 MWh with 1591 utilization hours. The project that has obtained all the 24 licenses and permits including PPA, construction permits, investment licenses, land use permits and connection/transmission agreements is among a few PV power projects in Vietnam that have approved with all the required licenses and permits.

With the advantage of being the hub of the Belt and Road Initiative, Yongfu has developed its business globally since 2009, which covering a dozen countries such as Indonesia, Malaysia and Bangladesh. And Yongfu will continue to firmly implement the internationalization strategy in the future, to build an international brand and an overseas project execution team with broad experience and international competitiveness through execution of various overseas projects. Yongfu will provide full-cycle technical services such as project development, EPC construction and operation management for more domestic and overseas renewable energy investors.