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Hai Phong power plant deal signed

Update: November, 16/2006 - 00:00

Hai Phong power plant deal signed


HA NOI — A US$453 million EPC contract for a project to build a thermal power plant named Hai Phong 2 was signed in Ha Noi yesterday.

Signatories included the Hai Phong Thermal Power Joint Stock Co from the northern port city of Hai Phong, and two foreign contractors, China’s Dongfang and Japan’s Marubeni.

Eighty-five per cent of the contract’s total value was contributed by the two foreign contractors and the remainder was mobilised from the company’s shareholders and commercial loans.

The two-turbine thermal power plant, with a total capacity of 600MW, will be built in Tam Hung Commune, Thuy Nguyen District, with a total investment capital of $623 million.

Once operational in October 2009, the plant will generate an annual output of 3.6 billion kWh, making a substantial contribution to ensuring sufficient electricity supplies for the socio-economic development of the Hai Phong-Ha Noi-Quang Ninh Triangle and surrounding areas. — VNS

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