Janakuasa to build us$1.6 billion power station in Vietnam

Janakuasa Sdn Bhd will build a US$1.5 billion power station in Vietnam to meet the country’s energy needs in the years ahead.

Its executive chairman, Tan Sri Dr Abdul Hamid Pawanteh, said the project, expected to be completed in 2014, would be funded by a government-linked company of China.

“We received a gurantee to pay US$1.59 billion from Huadian Engineering Co Ltd, China to undertake the project,” he told a media briefing here Saturday.

Abdul Hamid said the project, known as ‘Duyen Hai 2′, would be built in Tra Vinh district, south Vietnam.

He said Janakuasa would contribute to the proposed education fund to thank the Vietnamese government for awarding the project.

“We will contribute US$1 million a year for the fund to build schools in rural areas,” he said.

Tags: Duyen Hai 2 thermo power plant