The VND131-billion project which was invested by Ry Ninh II - Dak Psi Hydroelectricity Joint Stock Company, was given a construction licence in 2010. Construction began in June, 2019 and was scheduled to complete by the third quarter of 2023. However, only a few small construction works have been carried out so far.
According to the Kon Tum Provincial Department of Planning and Investment, the project's investor failed to implement the project and violated local investment regulations.
"Many households have given their land for the project and local authorities have created favourable conditions for the investor to build the plant," the department said. "But as the investor violated our regulations, we decided to remove the project from the province's power development planning.”
