US$2 billion to build Vinh Tan thermal power plant
(VOV) - The US$ billion Vinh Tan 1 thermal power plant has commemorated the signing of its Build-Operate-Transfer (BOT) contract.
The project is a collaboration between Chinese contractors operating as a joint venture and Vietnam National Coal-Mineral Industries Corporation (Vinacomin).
The Vinh Tan 1’s two turbines are designed to produce 1,200MW from domestic coal. When completed, the plant will generate an annual electricity output of 8 billion kWh.
Minister of Industry and Trade Vu Huy Hoang urged government agencies to process funding arrangements as soon as possible. Representatives of the plant’s primary investors have committed Vinh Tan 1 will incorporate advanced technology meeting international standards.