Binh Dinh power centre to call on new investors

June 02, 2016 | 20:50

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The Binh Dinh People’s Committee has proposed an investment revocation for the $7.5 billion Binh Dinh power centre invested by Saigon-Binh Dinh Energy Joint Stock Co., a subsidiary of Saigon Invest Group.

After the revocation, Binh Dinh will call for investors to develop the project.

Previously, in December 2014, the province requested the Department of Planning and Investment and the Department of Industry and Trade in Binh Dinh to propose plans to seamlessly conduct the investment revocation.

Licensed in 2009, the project was to be developed on a 250 hectare area in Phu Cat district and have a total designed capacity of 5,200MW.

The construction of the project is divided into three phases for three power plants, including a 600MW and two 1,000MW plants, which were expected to come into commercial operation in the 2016-2021 period.

The centre is part of the national power development plan towards 2020, and is intended to use the latest environmentally friendly technologies and coal imported from Australia or Indonesia. The plants will be fuelled by 12-14 million tonnes of coal annually and about 33,800 tonnes of diesel and fuel oil each year.

In 2009, the government requested the Ministry of Industry and Trade to approve the location of Binh Dinh power centre and support the investor in implementing each phase on schedule.

In 2012, the province agreed the investor’s proposal to use a 340 hectare water surface area and a 218 hectare ground area to develop the project. The province requested the investor to submit the project’s progress report as well as commit to the agreed time to start and fish the construction of each phase.

However, as of now, the construction has yet to be implemented on schedule.

By By Nguyen Duc

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