The investors include the Republic of Korea ’s Taekwang Power Holdings Co. Ltd and Saudi Arabia ’s International Company for Water and Power Projects. The latter is contributing capital to develop the project in the place of Korea East West Co. Ltd.
The Prime Minister noted that the transfer of the project and capital contribution between the involved parties must be in line with Vietnamese law.
The Ministry of Industry and Trade is responsible for guiding the investors to implement contract negotiations with Vietnamese partners.
The Nam Dinh thermal power plant will be built in Hai Chau and Hai Ninh communes in Hai Hau district under the build-operate-transfer (BOT) form within 25 years.
The plant is designed to have four turbines with a combined capacity of 2,400 megawatts. Two turbines with a dual capacity of 1,200 megawatts will be built in the 2016-2017 phase, while the two others of equal capacity will be built in the 2020-2021 period.
