US$1.36 billion investment in a new thermal power plant

The new 1,200MW plant, located in an area housing three other thermal plants, will help raise its local capacity to 5,600MW. This is the biggest thermal power plant in Vietnam to supply power the South Central Coastal and the southern provinces. This is a joint venture of The contract is between the Electricity of Vietnam (EVN) Group, the Republic of Korea (RoK) group-Doosan Heavy Industries and Construction, Mitsubishi Corporation of Japan, Pacific Group Cooperation and Power Engineering Consulting Joint Stock Company 2 (PECC 2) to start in the first quarter of 2014. It first generator will be put into operation in the fourth quarter of 2017 and the second in the third quarter of 2018. Vinh Tan Thermal Power Plant 4 is annually expected to supply about 7.2 billion kWh to the electricity grid to help reduce Vietnam’s dependence on hydroelectric power.