The Ministry of Industry and Trade (MoIT) on July 18 announced the start of work on the construction of the Vinh Tan 1 thermoelectricity in central Binh Thuan province.

Built 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, the plant is due to be completed within 48 months at 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.

According to Head of the MoIT’s general department of energy Dang Huy Cuong, 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 among major projects approved in the master plan for the national grid development through 2020.

Source: VNA