Malaysia’s Toyo Ink Group Reaches Deal for Mega Power Plant Project in Vietnam

Tuan Minh

15:15 17/12/2015

BizLIVE - Malaysia’s Toyo Ink Group has finalized a deal to build a multi-billion-dollar thermal power plant in southern Vietnam.

Malaysia’s Toyo Ink Group Reaches Deal for Mega Power Plant Project in Vietnam

A view of Pha Lai thermal power plant in northern Vietnam. (Photo: www.ppc.evn.vn)

Toyo Ink Group and authorities of Vietnam’s Mekong Delta province of Hau Giang have reached an agreement to construct a $3-billion-plus coal-fired power plant in the province after 15 weeks of negotiations.
Song Hau 2 thermal power plant, which will be built under a BOT format on an area of 100 hectares in Chau Thanh district, is designed to have a capacity of 2,000 megawatts. It will help ensure power supply for the Mekong Delta region.
The plant, which has been the largest foreign-invested power project by capacity in the country so far, will be fueled by imported coal and is scheduled to start operation in 2018.
Song Hau 1 thermal power plant, whose construction was kicked off in May 2015 by state-run energy firm PetroVietnam, has a designed capacity of 1,200 MW. It has an investment of 43 trillion dong ($1.91 billion) is set to run starting 2019.  
The two power plants are part of the Song Hau Power center, which comprises three thermal power plants with a combined capacity of 5,200 MW. Each plant will consume some three million tons of coal annually.

TUAN MINH

Emagazine