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US$143 million in loans signed for the An Khanh 1 Thermo-electricity Plant
The An Khanh Electricity Joint Stock Company inked a US$143 million loan deal yesterday for development of its An Khanh 1 Thermo-electricity Plant.
The deal was signed in Ha Noi with The Bank of China, the Import-Export Bank of China, China Construction Bank and the China Bank of Communications.
Construction of the $168 million project located in the northern Thai Nguyen Province's Dai Tu District started in January last year.
The first turbine of the planned 100MW-capacity-plant is expected to become operational by next September with the second to follow in the second quarter of 2013.
Once completed by the third quarter of 2013, the plant will be connected to the national power grid and generate 800 million KWh per year.
The company has already completed some of the support constructions with the China People Electricity and Gas Group signed as the engineering procurement and construction contractor for the project.
The province has also granted an investment licence for the company to develop the 300MW An Khanh Thermo-electricity Plant 2 in Pho Yen District.
Covering an area of 50 hectares, the project has a total investment of more than VND10 trillion.
Construction of the plant will begin next year with plans for connection to the national power grid by 2016.
The two new thermal power plants are expected to help meet the growing demand for electricity in the industrially active province.
The Cao Ngan Thermo-electricity Plant currently produces 100MW of power which falls short of forecasts which indicate that the province will need 600MW by 2015.
The An Khanh project should help ease the province's power shortage as it comes into operation.
vietnamnews
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