$2.5 bln for Vung Ang 2 thermal power plant
$2.5 bln for Vung Ang 2 thermal power plant
Japan’s Mitsubishi Group is putting the finishing touches to the construction work of the US$2.5 billion Vung Ang 2 thermal power plant in Ha Tinh province due to begin in June 2014.
VnExpress.net quoted Ngo Dinh Van, deputy head of the Vung Ang Economic Zone Management Board, as saying project appraisal is entering the final stage and investors are waiting for an investment license.
He added Mitsubishi has also taken necessary steps towards land clearance.
The thermal power plant, which has two generators with a combined design capacity of 1,320MW, will sit on more than 42ha in Ky Anh district, next to its twin plant – Vung Ang 1.
The plant, to be built in the form of Build-Operate-Transfer (BOT), is scheduled to generate power by 2018.
Meanwhile, the Republic of Korea’s Samsung group is showing its interest in the Vung Ang 3 thermal power plant with a design capacity of 2,400MW.
Representatives of the group have held a working session with Ha Tinh provincial leaders and agreed to invest in the project, said Van.
The investor is completing necessary procedures to get a license.
The Foreign Investment Agency reported the central province of Ha Tinh attracted 53 foreign investment projects in 2013 capitalised at nearly US$11 billion.
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