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Home / Economy / Construction
Over 1.75 billion USD invested to build Vinh Tan 1 thermal plant
Thu Minh 11:03, 2015/07/19
The Ministry of Industry and Trade on July 18 held a ceremony to announce the start of work on the construction of the Vinh Tan 1 thermoelectricity built in the form of BOT (build-operation-transfer).
The Vinh Tan 1 thermoelectricity is built in central Binh Thuan province in the form of BOT (build-operation-transfer) by two Chinese companies – the Southern Power Grid Co. and Chinese International Power Co.Ltd.-, and the Vietnam National Coal – Mineral Industries Holding (Vinacomin) Group.
 
At the ceremony
At the ceremony
The plant is due to be completed within 48 months with an estimated cost of more than 1.75 billion USD. 
After 25 years of commercial operation, the plant will be transferred to the Vietnamese Government. 
Dang Huy Cuong, Head of General Department of Energy under the Ministry of Industry and Trade said, with an expected annual output of approximately 9.5 billion kWh, the Vinh Tan 1 coal-fired power plant will play an essential role in ensuring electricity supply in southern Vietnam. 
The plant is one of key projects approved in the master plan for the national grid development through 2020.
 
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