11:17:11 PM | 5/7/2011
The Prime Minister has approved Mong Duong 2 and Hai Duong thermal power projects, announced the Governmental Office on July 4.
The Ministry of Planning and Investment was asked to license the two building-operating-transferring (BOT) projects in accordance to current regulations.
The Hai Duong thermal power BOT plant will be built at an estimated cost of US$2 billion, with a design capacity of 1,200 MW. The project enjoys a preferential tax rate of 10 percent in a 12-year term.
The Mong Duong 2 thermal power plant will be built in the northern border province of Quang Ninh, with a design capacity of 1,200 MW.
These two projects are part of Vietnam’s sixth zoning plan for electricity development.
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