Investors get the nod for $4.9 bln Vietnam power project

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The government has granted permission to an alliance of three companies to build a US$4.9-billion power complex in the central Vietnamese province of Binh Thuan.

International Power Plc from the UK, Japan’s Sojitz and Hanoi-based Pacific Corporation will invest in the 3,600MW Son My Power Center Project, Deputy Minister Hoang Trung Hai said.

The Son My Power Center is a thermal power complex consisting of three plants with an targeted annual power output of 23.4 billion kilowatt-hours per year.

The project will be built on either a Build-Own-Operate or Build-Operate-Transfer model, according to the Binh Thuan Province Department of Industry and Trade.

The first generator will start running in 2015 and the project is scheduled for completion in 2018.

Source: TBKTSG Online

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