Business

Power plant construction begins after 5-year delay

Construction of the Hai Dương-Vietnam thermo power plant officially kicked off on March 27 in Hai Duong province’s Phuc Thanh commune after a five-year delay.
Power plant construction begins after 5-year delay ảnh 1At the groundbreaking ceremony (Source: baocongthuong.com.vn)

Hai Duong (VNA) – Construction of the Hai Duong-Vietnam thermo power plant officially kicked off on March 27 in Hai Duong province’s Phuc Thanh commune after a five-year delay.

The power plant will have two 600MW-steam turbines run by JAKS Hai Duong Power Company Ltd under the Malaysia-based JAKS Resources Berhad Group and the China Power Engineering Consulting Group. It has a total capital investment of 1.86 billion USD.

According to an agreement signed in July last year, the Hai Duong power plant, built under the Build-Operate-Transfer (BOT) model, will be handed to the Vietnamese government after 25 years of operation.

The first turbine is expected to start running in December 2019 while the second turbine is slated for June the following year.

The thermo power plant, covering an area of more than 300ha spread over Phuc Thanh, Quang Trung and Le Ninh communes in Kinh Mon District, was approved by the Vietnamese Government in August 2011.

Yet the failure of joint venture co-operative agreements between the investor, JAKS, and Malaysian companies Island Circle Investment Holding Ltd and Sanjung Merpati Sdn Bhd, as well as China-based energy firms Wuhan Kaidi Electric Power Engineering Co and Meiya Power Ltd, left the project up in the air for nearly five years.

The power plant marked the first project by JAKS group in Vietnam’s power generation industry.-VNA

VNA
#power plant #Hai Duong - Vietnam thermo power plant #turbines #capital investment #BOT Hai Duong
Follow VietnamPlus

Related News

See more

The meeting between General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and Chairman and Chief Executive Officer of Hayleys PLC Mohan Pandithage in Colombo on May 8 (Photo: VNA)

Vietnamese leader hopes for stronger ties with Sri Lanka's Hayleys PLC

General Secretary and President To Lam said that given the complementarity of the two economies and their substantial room for growth, Vietnam wishes to enhance cooperation with major Sri Lankan enterprises, especially those with regional market networks and connectivity capabilities such as Hayleys.

The export of 1.1 million doses of vaccine lumpy skin disease (LSD) to the Republic of Korea marks an important milestone for Vietnam’s veterinary vaccine industry. (Photo: nongnghiepmoitruong.vn)

Vietnamese-made LSD vaccine enters demanding RoK market

The successful research and commercialisation of the LSD vaccine, which has been widely used in the domestic market and is gradually expanding internationally, helps affirm the position of Vietnamese veterinary vaccines globally.

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam addresses the Vietnam – Sri Lanka Trade-Investment-Tourism Cooperation Forum in Colombo on May 8. (Photo: VNA)

Top leader urges stronger Vietnam-Sri Lanka economic connectivity

Vietnam – Sri Lanka cooperation should be viewed within the broader context of the Indian Ocean, South Asia and emerging global supply chains, and the key issue now is not potential, but swift, decisive and effective action, said Vietnam's top leader To Lam.

The meeting between Vietnamese Minister of Industry and Trade Le Manh Hung and representatives from Essar Group (Photo: VNA)

Vietnam, India step up cooperation in energy, biofuels

Vietnam encourages capable investors to participate in oil and gas, energy and energy infrastructure projects in line with the national energy development strategy, while ensuring investment efficiency and compliance with Vietnamese law.

In the first four months of 2026, total FDI inflows into Vietnam reaches 18.24 billion USD, up 32% year-on-year. (Illustrative photo: VNA)

Vietnam draws stronger foreign investment inflows despite global headwinds

In the first four months of 2026, total FDI inflows into Vietnam reached 18.24 billion USD, up 32% year-on-year. Disbursed capital was estimated at more than 7.4 billion USD, an increase of 9.8% and the highest four-month disbursement level recorded in the past five years, reflecting effective implementation of many registered projects.

A Boeing 787 aircraft of Vietnam’s national flag carrier, Vietnam Airlines, lands on its first flight at Long Thanh International Airport. (Photo: VNA)

Deputy PM stresses strategic, synchronous planning for airport system

The national airport system planning was approved by the Prime Minister under Decision No. 648/QD-TTg dated June 7, 2023. Under the planning, 30 airports (14 international and 16 domestic) are to be developed during the 2021–2030 period, with a vision to 2050 expanding the network to 33 airports (14 international and 19 domestic).

Modern machinery improves labour productivity. (Photo: VNA)

Upskilling becomes key lever for Vietnamese workforce in digital era

As the economy is pivoting to a growth model fueled by knowledge, technology and innovation, the working class, or the backbone of production, demands better professional qualifications, vocational skills, industrial discipline and work habits. Timely adaptation is the only shield against being undercut by accelerating automation, artificial intelligence and increasingly fiercer global competition.

A circular organic farming model in Khanh Hoa is delivering initial economic efficiency. (Photo: VNA)

New growth potential unlocked for Vietnamese economy

Prime Minister Le Minh Hung once stressed that cutting administrative procedures and business conditions remains one of the fastest and most effective ways to stimulate growth and strengthen confidence among citizens and enterprises. He underscored that the reform process must remain continuous and responsive to practical requirements.

Politburo member Nguyen Duy Ngoc, who is also Secretary of the CPV Central Committee, Chairman of its Organisation Commission and standing deputy head of the Central Steering Committee for Science-Technology Development, Innovation and Digital Transformation, at a working sessions with leaders of the Indian Institute of Technology Madras (IIT Madras). (Photo: dangcongsan.vn)

Vietnam strengthens cooperation with India’s leading technology partners

Both sides exchanged views on digital identification management, electronic authentication, biometrics, personal data protection and experience in implementing large-scale national digital services. The two sides also agreed to strengthen exchanges of experts and cooperation in technical and policy experience-sharing in the coming period.