Managing director of AES-VCM Mong Duong Power Company Limited, David Stone has been elected a member of the Executive Board of Vietnam Business Council for Sustainable Development (VCBSD) for the 2015-2016 term.
Overview of the Mong Duong 2 BOT Power Plant as of January 2015
VBCSD is a Vietnamese business-led organisation and strives for excellence in sustainable development. The council is a member-driven organisation whose aim is to encourage the council members and the business community to participate and contribute to sustainable development. Being a business platform for sustainable development, the VBCSD shall continually promote the best business practices and apply ecologically efficient, environmentally friendly international business standards.
The Mong Duong 2 power plant with two units and the total gross capacity of 1,240MW is currently under construction in the northern province of Quang Ninh. The total investment for the project is approximately $2 billion, implemented under the build-operate-transfer (BOT) model. It is considered the largest BOT power project in Vietnam which utilises pulverised coal-fired boiler technology with advanced state of the art environmental controls to not only increase reliability but meet local Vietnamese and international standards in order to minimise the impact to the environment.
AES Mong Duong focuses on providing safe, reliable and sustainable energy solutions, as well as making a lasting difference in the communities they serve. The project is one of only a limited number of plants in Vietnam with international financing and associated designs meeting both Vietnam and international environmental, health and safety standards.
The company has also developed a robust corporate social responsibility (CSR) programme that engages the community leading to the development of key initiatives and projects to improve the livelihood and the environment in the communities. Some of the initiatives to date include significant investment in the upgrades to medical and educational facilities and targeted environmental projects. AES Mong Duong is also very engaged in educating the community through site visits and community outreach programmes such as safety and values days at local schools.