Mong Duong 2 thermal power plant in the northern province of Quang Ninh. Photo: Baoquangninh.com.vn
South Korea’s Korea Western Power Co. (KOWEPO) on January 17 signed a Memorandum of Understanding (MOU) with the government of Vietnam’s central coastal province of Quang Tri
on the development of a 1,200-megawatt coal-fired power plant in the locality.
Under the MOU, KOWEPO will build the Quang Tri 2 coal-fired power plant in the province’s South East Economic Zone at a cost of $1.85 billion, the Business Korea newswire reported, adding KOWEPO will own and operate the power plant for 25 years.
KOWEPO will carry out construction management and operations and maintenance (O&M) services of the project while the local government will have the project added to the National Power Development Plan.
The Korean firm is preparing a basic investment prospectus for the project and the completion of the power plant slated for the end of 2024.
Electricity produced by the power plant will be supplied firstly to Quang Tri Industrial Park and Economic Zone, and main development projects of the province.
Thailand’s EGAT International Company Limited (EGATi) in July 2016 completed a feasibility study for the 1,200 MW Quang Tri 1 thermal power plant project in Quang Tri. The construction is set to in 2018 and the first generator is scheduled for commercial operation in 2021.