BOT power plant to start operation next year
The first turbine of the Mong Duong 2 Thermal Power Plant, the largest coal-fired power plant built in the form of BOT (Build-Operate-Transfer), will begin operation in late 2014.
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| (photo: quangninh.gov.vn) |
Construction on the 2 billion USD plant began in September 2011 by the Mong Duong AES-TKV, a joint venture of American Electric Supply Inc (AES) which contributes 51 percent of total investment, Posco Power of the Republic of Korea with 30 percent and China Investment Corporation of China with 19 percent.
The plant has two turbines with a total capacity of 1120MW. Once fully operational in mid-2015, the plant will generate roughly 7.6 billion kWh a year.
The investors will transfer the plant to Vietnam after a 25-year operation period.
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