Photo Courtesy of KEPCO (Source: https://www.ajudaily.com/)Hanoi (VNA) - The board of the Korea Electric Power Corporation (KEPCO) of the Republicof Korea (RoK) endorsed investmentin a project involving Korean and Japanese companies to build a coal-firedpower plant in Vietnam, according to AJU, a RoK business newspaper.
KEPCO has set to complete the constructionin January 2025.
KEPCO said its board has approved the planned purchase of a 40 percent stake inthe construction of a 1,200-MW coal-fired power plant called Vung Ang 2 in thecentral province of Ha Tinh.
Samsung C&T, a key unit of Samsung Group, and Doosan Heavy Industries &Construction of the RoK will participate in design, procurement andconstruction operators.
Originally, the project worth 2.2 billion USD had involvedJapan's Mitsubishi and CLP, an electric company based in Hong Kong. As CLPwithdrew its participation from the project, KEPCO decided to buy a 40-percentstake held by CLP.
AJU said the annual growth rate of electricity demand inVietnam has been faster than in other Southeast Asian countries. Electricityfrom fossil fuels still plays a key role in Vietnam's total power capacity.
KEPCO, which has invested in a coal-fired power station project in Indonesia,said it would use new technologies to minimise carbon emissions and installadditional eco-friendly facilities for the Vung Ang 2 power plant./.
VNA
