Deal struck for $2.5 bln thermal power plant

Construction of the Song Hau 2 thermal power plant will start soon in the southern province of Hau Giang after a final agreement was reached Thursday between local authorities and Malaysia’s Toyo Ink Group, the investor.

The US$2.5 billion plant located in the Hau River Power Center plant in Chau Thanh District is expected to have a capacity of 2000 MW when it goes on stream in 2018.

Tokyo operates investment funds and produces ink and a range of printing-related substances.

The Hau River Power Center, established in July 2010, is expected to produce 5400 MW or 10 to 15 percent of Vietnam’s total electricity demand.

It will have three thermal plants, with the first, the $1.5 billion Song Hau 1, currently being under construction by PetroVietnam.

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