Sumitomo to transfer 50 per cent of its equity interest in Van Phong Power Company Limited

Sumitomo to transfer 50 per cent of its equity interest in Van Phong Power Company Limited

Sumitomo Corporation announced on May 1 that it will transfer 50 per cent of its equity interest in Van Phong Power Co., Ltd. (VPCL), a wholly owned subsidiary.
$2.58 billion coal power project kicked off in Van Phong SAEZ

$2.58 billion coal power project kicked off in Van Phong SAEZ

Van Phong 1 coal-fired power plant developed by Van Phong Power Co., Ltd., is expected to start operation in 2023 with the generation capacity of 1,320MW.