|President breaks ground on $700m power project|
DONG NAI — President Nguyen Minh Triet broke ground for construction of a 750MW thermo-power plant in Nhon Trach District, Dong Nai Province, on Saturday.
The US$700 million project, Nhon Trach Power Plant No2, will help stabilise and supply electricity for national economic development, the President said.
"The major difference between this power plant project and others is that the major works are being undertaken by local companies rather than foreign contractors," he said.
The power plant is receiving 51 per cent of its investment from the Viet Nam National Oil and Gas Group (PetroVietnam). The remainder is provided by the Electricity of Viet Nam (EVN), the Viet Nam Post and Telecommunications Group, the Viet Nam National Coal and Mineral Industries Group, as well as the Bank for Investment and Development, and Technology Development Co Ltd.
Construction is scheduled to be completed in 30 months. Once operational the plant will produce 4.5 billion kWh of electricity annually, helping to ease the country’s power shortages until 2015.
Contractors for the power plant project are the Viet Nam Machinery Installation Corporation (Lilama) and the PetroVietnam Construction Joint Stock Company.
Nhon Trach Power Plant No2 is the second thermo-power plant built in the Nhon Trach Power Complex, located 35km southeast of HCM City.
After two years of construction, the last turbine of the Nhon Trach Power Plant No1 became operational on April 22 of this year, bringing the plant’s electrical generating capacity up to 450MW.
Invested by PetroVietnam, the complex has a total capacity of 2,600MW. — VNS
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