Business
Quang Nam cancels Dac Di 4 hydropower project
  • | dtinews.vn | June 14, 2019 04:14 PM
Authorities in Quang Nam Province have decided to end the stagnant Dac Di 4 Hydropower Plant Project.

   

Quang Nam authorities hold meeting about Dac Di 4 hydropower project


After Quang Nam People's Committee approved of the Dac Di 4 Hydropower Project in Tra Mai Commune, Nam Tra My District, the investor failed to get the project to start from 2003 to 2008. In September 2008, the provincial authorities extended the deadline to the final quarter in 2009.

In 2014, the project was listed among the suspended projects and was given the permit to start again by the Ministry of Industry and Trade in 2015.

Quang Nam Department of Industry and Trade said that they have asked the investor, Dac Di 4 Hydropower Company, to complete required procedures many times but the company didn't comply. Only when the Department of Industry and Trade and other agencies surveyed the site in 2016 did the investor provide some reports.

Only the report on environmental impact was approved by the provincial authorities. The investor couldn't provide the necessary evidence for other documents when asked by the Department of Industry and Trade. In late 2016, Quang Nam People's Committee asked related agencies to consult about recalling the project. In March 2017, they completely stopped all research and investment in the project.

By that time, Dac Di 4 Hydropower Company had failed to complete investment research into the project. The company hadn't been given the permit to start any construction or land conversion. Despite not completing the required procedures, the company had already started building roads and a project management building.

The provincial inspectorate also raised suspicions over the company's financial capacity.

At the meeting, Ngo Minh Ngoc, deputy director of Dac Di 4 Hydropower Company, expressed the desire to continue the project. However, Huynh Khanh Toan, vice chairman of Quang Nam, said they had created favourable conditions for the investor but the project had stagnated for too long. The authorities agreed to suspend the project.

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