More thermal power plant to be built in Ha Tinh

VGP – The total investment capital for building Vung Ang 2 thermal-power plant in the central province of Ha Tinh is estimated at US $2.3 billion investment, according to investor.

April 25, 2012 3:54 PM GMT+7

Vung Ang Port

Located in the Vũng Ang Economic Zone, the plant will have a total capacity of 1.200 MW and churn out an output of 600 MW in the first phase to meet part of power demand for the region and supplement to the national power grid.

The investor is finalizing the BOT contract with a 25-year duration with the Vietnamese Ministry of Industry and Trade and a power purchase and sale agreement with the Electricity of Việt Nam.

The construction is projected to start in Q2, 2013. The first turbine is scheduled to operate in 2015.

Vung Ang Economic Zone is located on the North-South traffic axis and the East-West economic corridor which is favorable for transportation and development. Just 60 km from Ha Tinh City and Thach Khe iron ore mine, it houses the Vung Ang deep-sea port complex.

By Kim Anh