Tan Tao Energy signs MoU on thermal plant
Tan Tao Energy signs MoU on thermal plant
Tan Tao Energy Joint Stock Company (TEC) signed a memorandum of understanding (MoU) with the General Director of Enegery on developing the Kien Luong 1 thermal project in southern province of Kien Giang's Kien Luong District on December 11
The conversion of the plant in the southern province from a build – own – operate project to a build – operate – transfer project had been approved by the government in 2014.
The Kien Luong thermal plant, in which the TEC has invested, will produce 1,200 MW of power and will consist of two units. The plant will use imported coal to supply electricity for economic development and national energy security.
According to the MoU, the first unit of the plant will become operational in August 2024, and the whole plant will become operational in February 2025.
Speaking at the signing ceremony, TEC representative Thai Van Men said the MoU would play an important role in creating a legal framework for the negotiation of other documents of the project.
"TEC is determined to implement procedures as per regulations to make the plant operational on schedule," he said.
TEC has completed land clearance compensation and is ready for the construction of the plant.
TEC is a member of the Tan Tao Group and operates in major fields such as construction, electrical equipment production and electricity distribution.
