Construction of $2.2 billion Vung Ang II thermal power to start in December
 |
| The construction of the $2.2 billion Vung Ang II thermal power is to start in December |
To date, the investor completed the procedures for the preparation process, including signing a build-operate-transfer contract, the power purchase agreement, and government guarantees and undertakings for the project.
The project combines two turbines with a total capacity of 1,300MW, and is expected to start commercial operation in the third quarter of 2025.
In August 2021, Ha Tinh People’s Committee approved using 24.42 hectares of forest area to serve for the plant’s construction.
In December, the Japan Bank for International Cooperation signed a loan agreement with VAPCO to finance a loan worth $636 million for the project, under the bank's Growth Investment Facility.
The loan is co-financed with private financial institutions as well as the Export-Import Bank of Korea. The total co-financing amount is approximately $1.77 billion.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- Industrial parks within Vietnam keen on Taiwanese investment (April 17, 2024 | 23:00)
- Vietnam can emulate Taiwanese high-tech success (April 17, 2024 | 21:00)
- Capital influx from Taiwan builds up steam in Vietnam (April 17, 2024 | 19:00)
- Chip industry taking on new players (April 17, 2024 | 16:38)
- Support rises in semiconductor chip development in Vietnam (April 17, 2024 | 16:00)
- Beacon Investment Fund to expand Lotus Group's F&B operations (April 17, 2024 | 11:09)
- Public investment progress requires a stronger thrust (April 17, 2024 | 09:21)
- Disbursement delay deemed unacceptable (April 17, 2024 | 09:13)
- Lack of sand prompts alternatives for traffic projects (April 17, 2024 | 08:00)
- Vietnam asks Apple to make it global production base (April 16, 2024 | 16:11)
Mobile Version