U.S Corp. to Build 1,200-MW Power Plant in Northern Vietnam

The Vietnamese government will grant investment license to the U.S. AES Corp. and the Vietnam National Coal - Mineral Industries Group (Vinacomin) early next year to build a 1,200-MW coal-fired power plant in northern Vietnam.

 

The Mong Duong 2 plant will be constructed in the coal hub province of Quang Ninh at a cost of US$1.4 billion.

 

AES and Vinacomin will establish a joint venture with the U.S. side holding a 90 per cent stake in order to facilitate management over the plant.

 

According to the national power development plan through 2015 and span to 2025, Vietnam plans to build an additional 12 thermal power plants with a combined capacity of between 6,300 MW and 7,000 MW in the northern key economic zones by 2015. (New Hanoi, Vietnam Economic Times)