U.S. funds power plant construction in Vietnam
The United States has offered a non- refundable aid of 332,900 U.S. dollars to Vietnam, helping it develop a power project in northern Quang Ninh province.
The fund will be used to handle legal issues of the project on building a coal-fired plant with planned capacity of 1,000-1,200 MW with estimated investment of 1.2 billion dollars, Vietnamese Deputy Industry Minister Do Huu Hao said at the granting agreement signing ceremony here Tuesday.
A joint venture between the Vietnam National Coal and Mineral Industries Group and the AES Corporation of the United States will implement the power project under the form of Build-Operate- Transfer (BOT).
The plant, Mong Duong II, is scheduled to operate in 2011 or 2012.
Vietnam's electricity demand is forecast to annually grow 15-16 percent until 2010, according to the country's Industry Ministry.
It plans to increase its electricity capacity to 25,000-26,000 MW in 2010 from 11,400 MW in 2005, meeting demand for its socio- economic development.
Source: Xinhua
Tuesday, March 06, 2007
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2 comments:
Mong Duong is a huge project and, living in Vietnam as I do, you realise its importance. The power system in this country lags far beyond its economic groth and black-outs are everyday facts in most of the cities and countryside. The contract for MD2 was signed during Bush's visit last Nov, but not sure why things are not starting to move.
Although AES signed the Mong Duong contract 6 months ago, there are no signs of kicking-off the project. It looks there's a hold somewhere.
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