Two thermal power projects licensed

The Prime Minister has approved Mong Duong 2 and Hai Duong thermal power projects, announced the Governmental Office on July 4.

The Ministry of Planning and Investment was asked to license the two building-operating-transferring (BOT) projects in accordance to current regulations.

The Hai Duong thermal power BOT plant will be built at an estimated cost of US$2 billion, with a design capacity of 1,200 MW. The project enjoys a preferential tax rate of 10 percent in a 12-year term.

The Mong Duong 2 thermal power plant will be built in the northern border province of Quang Ninh, with a design capacity of 1,200 MW.

These two projects are part of Vietnam’s sixth zoning plan for electricity development. – VOV

Tags: thermal power projects, Vietnam electricity, Vietnam energy, Vietnam power shortage

Posted by VBN on Jul 5 2011. 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