VN, China Sign Deal For Thermal Power

HA NOI (VNS)— Vietnamese and Chinese investors yesterday sign an agreement to build a 1,200MW thermal-power plant in the southern province of Binh Thuan.

The plant, named Vinh Tan 1, will be established under the build-operate-transfer (BOT) model.

The investors are China Southern Power Grid (CSG), China Power International Holding (CPIH) and Vietnam Coal and Mineral Industries Group (Vinacomin).

Scheduled to be completed by the end of 2017, plant construction is under supervision of the Ministry of Industry and Trade (MoIT).

At the signing ceremony, Pham Manh Thang, head of the ministry's power department, urged investors to implement the project on schedule.

Vinh Tan 1 plant is included in Binh Thuan Province's Vinh Tan power centre, which embraces four thermal power plants with total capacity of 5,600MW. The four plants will provide electricity for the southern region. — VNS