KCP Vietnam Industries Limited plans to expand its Sơn Hòa sugar plant to 15,000 tonnes per day, and launch phase two of its 45MW, US$60 million KCP Phú Yên Biomass Power Plant.
The company's co-CEO, Kavitha Dutt, confirmed the group's intentions at a recent working session with the leadership of the Phú Yên Provincial People's Committee.
She requested provincial authorities charter the necessary procedures to ensure efficient implementation of the new projects.
The investment proposals were welcomed by Tạ Anh Tuấn, Chairman of the Phú Yên People's Committee. He explained the province had already submitted a formal request to Vietnam's Ministry of Industry and Trade.
This request asked that the KCP biomass project be included in the updated National Power Development Plan VIII.
KCP Vietnam Industry Co Ltd is a member of the KCP Group, headquartered in India, which operates in the fields of sugar production, biomass power and agricultural products.
Since commencing operations in 2000 with an initial capacity of 2,500 tonnes of sugarcane per day, KCP Vietnam has undertaken four capital increases in Phú Yên.
KCP Vietnam targets biomass expansion in Phú Yên, Vietnam
