Malaysian group wishes to invest $1.5b in thermo power industry

The Malaysia-based Janakuasa Holdings Group has entered the final phase of preparation progress for conducting investment project in Duyen Hai 2 thermo power plant, Quang Ninh province.

Ti Chee Liang, chair cum executive manager of Janakuasa Holdings has revealed that his group started negotiating about signing the electricity purchasing contract and BOT in mid-August. If there are no problems, the foreign investor will have completed all the negotiations by Q1 of 2011 and begin the construction works after that.

Duyen Hai 2 thermo power plant was one of the projects in Duyen Hai thermo power centre in Tra Vinh. Janakuasa Holdings planned to invest $1.5 billion in this 1,200 MW thermo power plant. The group expected to continue expanding business in Vietnam’s energy markets via the success of this thermo power plant.

Tags: Duyen Hai 2 thermo power plant

Posted by VBN on Aug 20 2010. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry