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.
Articals of interest to the coal industry.