Thai firms to invest in thermal power plant in Quang Tri

Three leading energy businesses of Thailand recently signed a joint deal to develop the Quang Tri 1 thermal power plant in Vietnam.

Thursday, September 17, 2020 21:27

Thai firms to invest in thermal power plant in Quang Tri ảnh 1

Power transmission lines in Vietnam under repair (Photo: VNA)

Bangkok (VNA) – Three leading energy businessesof Thailand recently signed a joint deal to develop the Quang Tri 1 thermalpower plant in Vietnam.

Local media reported that Egco Group, EgatInternational and Ratch Group signed the agreement on September 16 with EgatInternational holding a 40 percent stake in the plant and Egco Group and RatchGroup equally dividing the remaining 60 percent.

The coal-fired Quang Tri 1 plant, located in HaiLang district of the central province of Quang Tri, will have an installedcapacity of 1,320 megawatts.

It is expected to go into commercial operationby 2025, and the generated electricity will be sold to Vietnam under along-term power purchase agreement./.

VNA

#energy businesses #Thailand #Thai investment in Vietnam #thermal power plant #Quang Tri #Hai Lang district #energy sector #updated Vietnam news #Vietnamplus #Vietnam News Agency

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