An engineering, procurement and construction contract was signed in Hanoi on December 27 for a thermal power plant which is expected to help boost socio-economic development in the Mekong Delta province of Soc Trang.

The signatories were the Vietnam National Oil and Gas Group (PetroVietnam) - investment owner of Long Phu Thermal Power Plant 1 - and the contractor consortium between Power Machines, BTG Holding and PetroVietnam Technical Services Corporation (PTSC).

Long Phu Thermal Power Plant 1 has a total investment of nearly 30 trillion VND (roughly 1.5 billion USD). It has a capacity of 1,200 MW and is capable of generating 7.8 billion kWh a year.

The construction of the plant’s first generator is scheduled to last 48 months, and 52 months for its second.

PetroVietnam said the coal-burning plant, part of the Long Phu power complex which also includes two others with a combined capacity of 4,400 MW, once operational will help ensure national fuel security and make contributions to socio-economic development and economic restructuring in Soc Trang province and the Mekong Delta in general./.