Russian firm signs $2.4 bln power plant MOU in Vietnam

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A digital rendering of the Quang Trach 2 thermal power plant. A digital rendering of the Quang Trach 2 thermal power plant.

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Russian energy company Inter RAO has signed a memorandum of understanding (MOU) with Quang Binh Province to build a US$2.4 billion coal-fired power plant. 
According to the MOU, the Quang Trach 2 plant will be built on 150 hectares (370 acres) in Quang Trach District using the build-operate-transfer (BOT) investment model, Thoi Bao Kinh Te Sai Gon (Saigon Times Online) reported. 
The plant has a combined capacity of 2,400 MW and is scheduled to become operational by 2024. 
Quang Binh is still building the Quang Trach 1 thermal power plant, which Vietnam Oil and Gas Group (PetroVietnam) is financing. The $1.7 billion plant has a capacity of 1,200 MW. 
The province expects the Quang Trach 1 plant to add around 8.5 billion kWh per year to the national power grid.

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