The Ministry of Industry and Trade , China ’s Southern Group, China Power International Holding Ltd and Vietnam Coal and Mineral Industries Group inked a Build-Operate-Transfer (BOT) contract in Hanoi on December 12.

The Vinh Tan 1 project with total investment capital of over 2 billion USD will be built in the central province of Binh Thuan .

The plant will be constructed under the BOT model and include two generators with a total capacity of 1,200 MW.

It is set to put into service its first generator in the second quarter of 2019 and fully operate in the last quarter of the same year.

The power plant will be transferred to Vietnam after 25 years since its completion.

Vinh Tan 1, together with Vinh Tan 2 and Vinh Tan 3 power plants, will form a thermal power centre under the national electricity development plan.

The construction of Vinh Tan 2 started in 2010 while a construction contract for Vinh Tan 3 was signed last October.-VNA