Document Announce Library Tiếng việt EngLish
Home Investment promotion conference Investment Information Plan Information News Contact
Local news
National news
World news
ASEAN countries need to pursue innovation-based growth
Hung Yen seeks to expand Korean investment and create a favorite environment.
Lawmakers adopt five-year economic plan
Vietnam - Germany Bilateral Trade: Much Room for Growth
Eurocham Helps Vietnam Associations Build Capacity
Japan to Develop More Infrastructure Projects in Vietnam
APEC to maintain stimulus until ‘durable’ recovery
Thai rice trade to have ‘golden year,’ exporter says
Asia needs low interest rates amid recovery, ADB says
British economy down by 0.2% in 3rd quarter
OPEC to keep oil production levels: Venezuelan government
World Bank makes $500 mln loan to Vietnam
Vietnam is currently assembling adequate opportunities for FDI attraction
Ministry: Vietnam should carefully consider ODA loans
Innovation of science and technology platforms – A special opportunity for Vietnam to develop the economy
Vietnam expects foreign investment to hit record $16 billion this year: report
Samsung contributes significantly to Vietnam’s economy: PM
KDB urged to strongly support RoK companies investing in VN
Vietnam hopes to attract more Japanese investment in big, influential projects
President asks Hyundai to increase localisation rate (adatpion to Vietnamese market)
Korean firm to build $1.85b thermal power plant in Quảng Trị

Korean firm to build $1.85b thermal power plant in Quảng Trị

South Korea’s Korea Western Power Co. (KOWEPO) plans to construct a 1,200MW coal-fired power plant in the central province of Quang Tri in 2018.


Provincial officials said the plant was expected to become operational in 2021.

A Memorandum of Understanding (MoU) on the project signed last month says KOWEPO will invest US$1.85 billion in building the Quang Tri Power Plant No 2, which will be located in the province’s Southeast Economic Zone.

KOWEPO will own and operate the power plant for 25 years. It will also carry out construction management and operations and maintenance (O&M) services.

“We will establish a growth base in Viet Nam and make a full-scale entry into the Indochina power generation market by successfully completing this project,” Jung Young-chul, general manager of the Planning and Management Division of KOWEPO, said in a statement on the company’s website.

The Korean firm is also preparing a basic investment prospectus for the project for completing the plant by the end of 2024.

According to KOWEPO, the power plant will supply power to Quang Tri Industrial Park and Economic Zone, as well as main development projects of the province.

Last year, the province granted investment licences to 15 projects worth VND10 trillion ($444 million).

The province, situated on the East-West Economic Corridor and Trans-Asia road link with Laos, Thailand and Myanmar, has called for foreign investment in organic and hi-tech farming and the processing industry.

In the 2011-15 period, Quang Tri attracted 262 domestic and foreign projects with a combined investment capital of about VND50.3 trillion (more than $2.23 billion).

The province also plans a 14,000ha farm as a high-tech zone that will produce lotus milk and host a freshwater fish aquaculture centre.

In 2015, Thai company One Asian signed a MoU with the province to invest approximately $2.4 billion in a 1,200 MW thermal power plant starting in 2017 and finishing in 2019.

The Thai investor also agreed to study the development of an energy complex in the southeast economic zone that would combine power plants with the My Thuy deep water port project, and natural gas-fired power plants to take advantage of the 30 billion cubic metre gas reserves off the central coast of Viet Nam.

Also in 2015, another Thai investor, EGATI, said it was planning to invest $2.26 billion in the 1,200-MW Quang Tri thermal power plant project on a build-operate-transfer (BOT) basis. The plant is expected to commence commercial operations in 2021.

Source VNS

Home          Introduction          News          Contact


Road 16-4, Phan Rang - Thap Cham City, Ninh Thuan Province
Tel: 0259.3891677
Website: edoninhthuan.gov.vn
Email: edo@ninhthuan.gov.vn

Link: HyperLink HyperLink HyperLink HyperLink
Designed by  Ninh Thuan Software
Online: 12
Today: 28
Week: 2,112
Month: 187,830
ALL: 761,156