This was stated by the deputy head of the Vung Ang Economic Zone
management board, Ngo Dinh Van, who told Viet Nam News yesterday that
the Ministry of Planning and Investment would soon grant the investment
registration certificate to the US$2.5 billion project.
The Mitsubishi Corporation has begun the site clearance for the power
plant, designed to have a capacity of 1,320MW and two turbines. It will
be built on 42 hectares in Ky Anh District, next to the Vung Ang 1
thermo power plant, under the build-operate-transfer form.
The plant's turbine 1 is expected to begin operations by 2018.
Meanwhile, Samsung Corporation from South Korea has signed a
memorandum of understanding to invest in the Vung Ang 3 thermo power
plant, which has 2,400-MW capacity.
"Samsung Corporation has been completing procedures to ask for the investment registration certificate," said Van.
According to the Ministry of Planning and Investment's Foreign
Investment Agency, Ha Tinh Province had 53 foreign direct investment
projects at the end of 2013, totally valued at nearly $11 billion.
(Source: vietnamnews.vn)