The model of the Duyen Hai 2 Thermal Power Plant, which will be built in the Mekong Delta province of Tra Vinh. (Source: baodautu.vn)

Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) and Malaysian Company Janakuasa signed in Hanoi on December 29 a set of contracts on the construction of the Duyen Hai 2 Thermal Power Plant in the form of Build-Operation-Transfer (BOT).

The set includes a contract on land lease, another on electricity sale and purchase and a BOT agreement.

Minister of Industry and Trade Vu Huy Hoang also handed the Vietnamese government’s sponsorship pledge to Janakuasa Company representatives.

This is the second BOT project implemented by a Malaysian company in Vietnam and the first project between Vietnam and ASEAN countries in energy sector.

According to the MoIT’s Energy Department, the plant has a capacity of 1,200 MW with two turbines and is built at the Duyen Hai Thermal Power Centre in Tra Vinh province. It will use imported coal.

Hoang said the project with a total investment of over 2 billion USD is important to ensuring the supply of electricity to the Mekong Delta region and national energy security.-VNA