Tax & Accounting

Vietnam exerts pressure on delayed power projects

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April 14 – Two delayed major utility projects set to augment the country’s chronic blackouts have been given a May 1 deadline by Deputy Prime Minister Hoang Trung Hai. The Nhon Trach 1 and Ca Mau 2 gas-fueled projects remain unfinished and are three to eight months behind.

The 450-megawatt Nhon Trach 1 and 750-megawatt Ca Mau 2 projects are expected to supply power when the dry season starts from November to June.

According to Thanh Nien News, Hai said that should there be any more delays, the leaders of state-owned companies involved in the projects will be investigated. He added that work on other delayed power projects should also be sped up.

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