Mong Duong 2’s first unit enters commercial operation ahead of schedule

March 12, 2015 | 11:29

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AES-VCM Mong Duong Power Company Limited today announced that the 621 megawatt Unit 1 of the Mong Duong 2 coal-fired power project, known as the currently largest build-operate-transfer coal-fired power plant in Vietnam, has entered commercial operations on March 4, ahead of schedule.

Mong Duong 2, with two units and the total gross capacity of 1,242 MW, has been in construction in the northern province of Quang Ninh since December 2010. The total investment for the project is approximately $2.1 billion. The power plant has worked over 42.5 million man-hours and continues to progress very well with an average of 2,500 people still supporting the remaining portions of the project every day.

After completion of construction and commissioning activities of the entire power facility in the second half of 2015, Mong Duong II is forecasted to produce more than 7.6 billion kWh of electricity annually. The project will supply electricity to Vietnam’s state-owned company Electricity of Vietnam (EVN), under the terms of a 25-year power purchase agreement.

“We are very excited with this remarkable achievement of Unit 1 entering commercial operations ahead of schedule,” David Stone, CEO and managing director of AES Mong Duong said. “This is not only the success of AES Mong Duong, but also a clear demonstration of close cooperation through the years between AES Mong Duong and the Vietnamese government.”

AES Mong Duong, owner of Mong Duong 2, is a limited liability company formed by the affiliates of the US’s The AES Corporation, Korea’s Posco Energy and China Investment Corporation, with The AES Corporation as the largest shareholder.

By By Hoang Anh

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