An 1,200 MW thermal power plant will be built in central Quang Tri province at a total estimated cost of 2.4 billion USD by a Thai firm.

This forms part of components of an energy complex in Quang Tri, including a thermal power plant and a gas power plant, in a bid to ensure power supply serving the development of Vietnam, Laos and Thailand.

A document to this effect was signed between representatives of Quang Tri province and the Thai company One Asia Development Thailand in Bangkok on May 22.

At the signing ceremony, Chairman of the Quang Tri People’s Committee Nguyen Duc Chinh said the development of the energy complex is in line with the Vietnam’s energy development plan through 2020 and the joint statement on energy released at the fifth Greater Mekong Sub-region ( GMS) summit in Bangkok.

The complex will connect energy and trade among the GMS nations as well as countries in ASEAN, Chinh added.

Thai Deputy Energy Minister Praipol Koomsup highlighted Quang Tri’s potential as a gateway to Vietnam on the East-West economic corridor.

The development of the energy complex in the province will facilitate the development of Vietnam, as well as other regional nations, including Thailand and Laos, he said.

Quang Tri has recently organised numerous promotion activities to draw investment from Thailand.

The localities is now home to some 1,200 domestic and foreign investors, including three Thai firms with a total investment of over 2 billion USD.-VNA