Vung Ang II thermal power plant BOT project agreement clinched

The Vung Ang II thermal power BOT project agreement was inked between the General Directorate of Energy and the Vung Ang II thermal power joint stock company on January 16.

A corner of Vung Ang 2 thermal power plant (Photo: VNA)

 Hanoi (VNA) – The Vung Ang II thermal power build-operate-transfer (BOT) project agreement was inked between the General Directorate of Energy (GDE) of the Ministry of Industry and Trade and the Vung Ang II thermal power joint stock company on January 16 in Hanoi.

The 1,200 MW plant consists of two 600MW generators, with the first turbine group to be put in operation in 2021 while the other one will become operational one year after.

The 2.2 billion USD project will supply electricity for economic development in the northern region, ensuring national electricity security.

The GDE will support the investor in preparing procedures on investment licence and arranging finance.

Apart from the Vung Ang II thermal power BOT plant, the GDE is also involved with 17 other thermal power BOT projects with total capacity of 23,000 MW.

The same day, Minister of Industry and Trade Tran Tuan Anh handed over the project agreement to the Japanese BOT investor Mitsubishi on the occasion of Japanese Prime Minister Shinzo Abe’s visit to Vietnam.-VNA

VNA