Wednesday, 17:26, 26/05/2021 VOV.VN - As Vietnam continues to transition to cleaner low-carbon power generation, IFC, a member of the World Bank Group, is funding the development and construction of two wind power projects in central Vietnamese provinces. The purpose of the move is to advance renewable energy in order to help meet the country's growing demand for electricity. The plan will see IFC provide a financing package of US$57 million to Thuan Binh Wind Power Joint Stock Company (TBW), a subsidiary of Refrigeration Electrical Engineering Corporation (REE). This will therefore enable the construction of two onshore wind power plants, Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province, with an overall capacity of 54.2 megawatts.