Oct. 26 – The Shanghai Electric Group has agreed to build the Vinh Tan thermal power plant in the northern province of Binh Thuan.
The plant will answer Vietnam’s growing electricity needs in the coming years providing 7.5 to 8 billion kWh of electricity annually. The Chinese company will handle the design, construction and installation of the US$1.3 billion project.
The plant will begin operation in 2013 and will be funded by a loan from Export-Import Bank of China.
Vietnam Briefing is one of four regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Hanoi, Ho Chi Minh City, and Da Nang in Vietnam. Dezan Shira & Associates is part of the Ascentium Group, a global business services platform with over 2,900 professionals across 58 cities in 27 markets, strengthening the firm's on-the-ground ability to support clients across Asia and globally.
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