24 C
Ho Chi Minh City
Monday, November 30, 2020

South Korean power firm to invest in Vietnam’s thermal power project

Must read

Charity run to raise funds for charitable projects

HCMC – The British Chamber of Commerce Vietnam will organize a charity run at the British University Vietnam’s Ecopark campus in Hung Yen Province...

27 students rescued after losing way home from mountain picnic

HCMC – The local authorities have rescued 27 students who went missing during their picnic on Khau Mo Mountain in Huyen Tung Ward, Bac...

Vietnam likely to become super-aging country by 2050: deputy minister

HCMC – Vietnam entered an “aging phase” in 2011 and remains among the most rapidly aging countries in the world and, as such, might...

Three bridge projects along axis road connecting HCMC and Mekong Delta approved

HCMC – The People’s Council of the Mekong Delta province of Long An on November 18 gave its nod to the investment plans of...
HCMC – The Korea Electric Power Corporation (KEPCO) is set to secure a 40% stake in the Vung Ang 2 thermal power plant project with a capacity of 1,200 megawatts (MW) in Ha Tinh Province.

KEPCO has confirmed that it would invest in a coal-fired power project in Vietnam which involves some South Korean and Japanese firms, reported South Korea’s AJU Business Daily.

The South Korean firm targets to complete the construction of the thermal power plant by January 2025.

Samsung C&T and Doosan Heavy Industries & Construction in South Korea will participate in the design, procurement and construction processes for the project, according to VietnamPlus news site.

Initially, the US$2.2-billion project involved Japan’s Mitsubishi and CLP, an electric firm based in Hong Kong. As CLP withdrew from the project, KEPCO decided to buy the stake owned by the former.

Vietnam’s electricity demand growth rate has been faster than that of other Southeast Asian countries. Electricity from fossil fuels is still playing a key role in the country’s power supply.

However, many environmental experts have voiced their concerns over the pollution caused by the Vung Ang 1 thermal power plant with a designed capacity of 1,200 MW.

KEPCO, which has invested in a coal-fired power plant project in Indonesia, said that it would apply new technologies to minimize carbon emissions from the Vung Ang 2 power plant.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

Charity run to raise funds for charitable projects

HCMC – The British Chamber of Commerce Vietnam will organize a charity run at the British University Vietnam’s Ecopark campus in Hung Yen Province...

27 students rescued after losing way home from mountain picnic

HCMC – The local authorities have rescued 27 students who went missing during their picnic on Khau Mo Mountain in Huyen Tung Ward, Bac...

Vietnam likely to become super-aging country by 2050: deputy minister

HCMC – Vietnam entered an “aging phase” in 2011 and remains among the most rapidly aging countries in the world and, as such, might...

Three bridge projects along axis road connecting HCMC and Mekong Delta approved

HCMC – The People’s Council of the Mekong Delta province of Long An on November 18 gave its nod to the investment plans of...

Work begins on three components of North-South expressway project

HCMC – On November 19, the Ministry of Transport began work on three components worth over VND4 trillion of the Mai Son-National Highway 45...