Malaysian group to build power station in Hai Duong

The Jaks Resources Group from Malaysia will invest 2 billion USD to build a thermal power plant in northern Hai Duong province.

A Memorandum of Understanding was signed between representatives of the Ministry of Industry and Trade (MoIT) and the Jaks Group in Hanoi on May 13.

Accordingly, construction of the thermal power plant will start in October 2010 in Kinh Mon district.

The twin-turbine plant, which will be built under a Build-Operate-Transfer (BOT) contract, is expected to generate power by early 2014 with a annual output of 7.8 billion kWh.

The President of Jaks Resources, Andy Ang, said that building a thermal power plant was an important development for the group.

He also spoke highly of Vietnam ’s policy to attract foreign investors.

Head of the MoIT’s BOT projects department, Pham Hung, pledged to support the investor as the project is carried out.

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