Business

Vung Ang II thermal power plant BOT project agreement clinched

The Vung Ang II thermal power BOT project agreement was inked between the General Directorate of Energy and the Vung Ang II thermal power joint stock company on January 16.
Vung Ang II thermal power plant BOT project agreement clinched ảnh 1A corner of Vung Ang 2 thermal power plant (Photo: VNA)
 Hanoi (VNA) – TheVung Ang II thermal power build-operate-transfer (BOT) project agreement wasinked between the General Directorate of Energy (GDE) of the Ministry ofIndustry and Trade and the Vung Ang II thermal power joint stock company onJanuary 16 in Hanoi.

The 1,200 MW plant consists oftwo 600MW generators, with the first turbine group to be put in operation in2021 while the other one will become operational one year after.

The 2.2 billion USD project willsupply electricity for economic development in the northern region, ensuringnational electricity security.

The GDE will support the investorin preparing procedures on investment licence and arranging finance.

Apart from the Vung Ang IIthermal power BOT plant, the GDE is also involved with 17 other thermal powerBOT projects with total capacity of 23,000 MW.

The same day, Minister ofIndustry and Trade Tran Tuan Anh handed over the project agreement to the JapaneseBOT investor Mitsubishi on the occasion of Japanese Prime Minister Shinzo Abe’svisit to Vietnam.-VNA

VNA
#Vung Ang II#thermal power plant#BOT project
Follow VietnamPlus

Related News

VN thermal power plants need hi-tech interventions

VN thermal power plants need hi-tech interventions

Coal-fired thermal power plants should focus on technology renovation so as to minimise environmental pollution, given that thermal power will provide much of Vietnam’s future energy, experts warn.
Duyen Hai power plant produces 5.9 billion kWh of electricity

Duyen Hai power plant produces 5.9 billion kWh of electricity

The Duyen Hai Thermal Power Plant 1 under the Duyen Hai Electricity Centre in the Mekong Delta province of Tra Vinh has supplied nearly 5.9 billion kWh of electricity to the national grid since January this year, 2 percent higher than the set target.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.