Vietnamese, Chinese companies to build coal-fired power plant

The Vinh Tan 3 Energy JSC (VTEC) has teamed up with China’s Harbin Electric Company to build the US$2.7 billion Vinh Tan 3 coal-fired thermal power plant in the southern province of Binh Thuan.

At the contract-signing ceremony
At the contract-signing ceremony

At a contract-signing ceremony in Hanoi on October 14, Hoang Quoc Vuong, chairman of Vietnam Electricity (EVN) said the plant will consist of three turbine groups with a capacity of 1,980 MW.

The plant will use imported coal to generate over 12 billion kWh a year, which will help the southern region reduce power shortages.

The construction phase, expected to cost US$1.14 billion, will start in the third quarter of 2014, and the plant’s first turbine is expected to generate electricity by 2018, he said.

Established in 2009, VTEC – the project developer, is partnered with EVN, One Energy Ventures Ltd and the Thai Binh Duong Company.

VNA
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