Malaysia to build 2.4-bln USD power plant in southern Vietnam

Malaysia's independent power producer Teknik Janakuasa Sdn. Bhd has been licensed to develop a coal-fired power plant with investment of 2.4 billion U. S. dollars in Vietnam's Tra Vinh Province, local online newspaper Tuoi Tre (Youth) News reported Tuesday.

The Duyen Hai 2 thermal power plant will have two turbines with a total capacity of 1,200MW, the Foreign Investment Agency under the Vietnamese Ministry of Planning and Investment said, adding that the project is in the investment form of BOT (build-operate- transfer).

Duyen Hai 2 is the second-largest among the foreign-invested projects that have been approved in Vietnam so far this year, following the 3-billion U.S. dollar investment pledged to pump into a screen-making facility in the northern province of Bac Ninh.

The Duyen Hai 2 plant is among four power plants to be developed at the Duyen Hai Electricity Center in Tra Vinh, which will have a combined capacity of 4,200 MW once in operation. The Duyen Hai 1, 3 and 4 plants are being developed by EVN, Vietnam's power giant.

The Duyen Hai Electricity Center will contribute some 30 billion kWh a year to the national grid once all of the four plants come on stream.

Vietnam plans to increase its electricity supply by 30,000MW from now to 2020, and will need a total investment of 8 billion U. S. dollars to build new power plants, according to local online newspaper Saigon Times. Endi