Malaysia’s Janakuasa to build $1.5 bln Vietnam power plant

Vietnam has awarded a US$1.5 billion contract to build a coal-fired power plant to Janakuasa Sdn., a Malaysian power generator, in the Mekong Delta province of Tra Vinh, a government official said Tuesday.

“The plant, part of a group of three plants in the province, is under the government’s master plan to ease the power shortage in the country,” Pham Van Chieu, chief administrator of the provincial People’s Committee, said by phone from the province, about 200 kilometers from Ho Chi Minh City.

The 641-hectare Duyen Hai power complex consists of three coal-fired plants with a total investment of about $5 billion and a combined capacity of 4,400 megawatts, according to the plan posted on the Tra Vinh Department of Planning and Investment website.

Duyen Hai 1 plant will be built by Electricity of Vietnam, the state-owned utility, Chieu said. Janakuasa will construct Duyen Hai 2 and a contract has still to be awarded for Duyen Hai 3, he said.

Construction of Duyen Hai 2 is scheduled to start in 2011 and will be completed by 2015, according to Chieu.

“Electricity generation from these plants will supply the national power grid,” Chieu said. “For Duyen Hai 2, the government, Electricity of Vietnam and Janakuasa will work out the sale price, as there are no details about the price yet.”

 Bloomberg

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