EGAT International Company (EGATi) of Thailand is planning to invest in building a 1,200 MW thermal power plant project in Vietnam, destined to become the leader in the power energy business in ASEAN.

The acting President of EGATi, Thana Putarungsi, signed a memorandum of understanding (MoU) with the Deputy Director General of the Department of Energy under the Industry and Trade Ministry of Vietnam, on construction of thermal power plants in Vietnam ’s central province of Quang Tri at a meeting on June 24.

The Vietnamese government has approved EGATi as the project investor and developer. It plans to construct two thermal power plants, each with a production capacity of 600 MW, in the Quang Tri special economic zone.

The plants will use coal as fuel for power generation. The first plant is scheduled to be completed in June 2021 and the second in December of the same year.

The Quang Tri thermal power plant project is part of the 7th power generation master plan of Vietnam . Once completed, the project will sell electricity to the government of Vietnam for use in the development of the country and of the Quang Tri special economic zone, designed to be a major industrial centre in the central region.

Following the MoU, EGATi will conduct an environmental impact assessment before submitting the results to the Vietnamese government in December this year. If the EGATi plan is officially approved by the Vietnamese government, it will proceed with contract signings.-VNA/NNT