Janakuasa Sdn Bhd, one of Malaysia's leading power companies, on Wednesday started building a US$2.2 billion thermal power plant in the southern province of Tra Vinh, local media reported.
The developer will build Duyen Hai No.2 in five years and operate it for 25 years, before transferring it to the Vietnamese government, the Vietnam News Agency said, citing an agreement between the government and Janakuasa.
Covering an area of 60 hectares, the plant will house two generators with a combined capacity of 1,200 megawatts, it said.
It is one of four coal-fired thermal power plants that the government has approved in Tra Vinh, with a total cost of more than $5 billion and output of 4,308 MW, according to the news agency. One of them became fully operative early this year, while two are still under construction.