Quang Binh, Russian company to build thermal power plant

VGP - The central Quang Binh provincial People’s Committee and Russian Inter RAO Group have freshly signed a Memorandum of Understanding on the development of Quang Trach 2 thermal power plant.

January 31, 2015 3:47 PM GMT+7

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Under the Build-Operate-Transfer contract, the plant, to be located in Quang Dong commune, Quang Trach district, is intended to cost $2.4 billion.

It is designed to have two turbines with a full capacity of 1,320 megawatts. The plant is slated to become operational in 2024 at the latest.

The province pledged to fully support the investors, with site clearance and the construction of crucial infrastructural facilities, like roads, power grids and water pipes.

The VND34 trillion ($1.59 billion) Quang Trach 1 thermo-power plant, invested by the Viet Nam National Oil and Gas Group, was launched in Vinh Son hamlet, Quang Dong commune, Quang Trach district in September 2011.

The 1,200 MW plant was scheduled to be completed within four years but its progress has been delayed due to unforeseen economic recession.

The province and the Viet Nam National Oil and Gas Group are working to tackle difficulties to make the plant become operational by 2020.-VNA