Thursday, 11/12/2008 17:43

ITA Group opens bidding for 2.5 bln USD power, seaport complex

The HCM City-based Tan Tao (ITA) Group on Dec. 10 unveiled plans for a huge power and seaport complex and solicited bids by international contractors on Dec. 10.

The first stage of the Kien Luong Power and Port Complex is estimated to cost 2.5 billion USD, according to Tan Tao chairwoman Dang Thi Hoang Yen.

The 556-hectare facility will be located in Kien Luong District, Kien Giang province, some 300km from HCM City .

Of this, 256ha will be used for building a 5,200 MW thermal power complex and the remaining 300 ha for a large coal port and a smaller cargo port.

Work on phase 1, to include the 1,200 MW Kien Luong Plant No 1, will begin late next year and be completed in four years.

The plant will require around 3 million tonnes of coal to be imported from Australia , Indonesia and Russia .

The first phase will involve consultancies such as the local Power Engineering Consulting Co No 2, US-based Black & Veatch, and China ’s FHDI Engineering Company.

Its potential strategic partners include Japan ’s Sojitz Corp and Kyushu Electric Power Co and the London-based International Power Plc.

ITA Group president Dang Thanh Tam said it would be the first major power project to be entrusted to a private company by the Government.

He said the coal-fired thermal plant was expected to generate power by 2013.

The port complex, comprising Nam Du and Kien Luong ports, would serve the power plant, enabling the delivery of imported coal.

The group plans to import 10 million tonnes of coal annually to run the power plant.

The electricity would be sold to ITA Group industrial zones and Electricity of Vietnam (EVN). Thirty percent of its initial capacity has been committed to the industrial zones, while the quantity to be sold to the EVN is still under negotiation.

ITA Group has been developing infrastructure and industrial parks for the last 12 years and has 20subsidiaries.

vna

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