Marubeni signs deal to build northern power plant

Japan’s Marubeni Corporation signed Tuesday a US$981 million deal with the Electricity of Vietnam to build a coal-fired power plant in the northern province of Thanh Hoa.
 
The Engineering, Procurement and Construction (EPC) contract was inked in Hanoi.

Representatives of Marubeni Corporation and Electricity of Vietnam sign a $981 million agreement to build Nghi Son 1 thermo-power plant (Photo: Vietnamese Government website)
Representatives of Marubeni Corporation and Electricity of Vietnam sign a $981 million agreement to build Nghi Son 1 thermo-power plant (Photo: Vietnamese Government website)

Of the total cost, 85 percent is funded by Japan’s official development assistance through the Japan International Cooperation Agency.

Two facilities will be built, each with output power of 300,000 kilowatts. With a capacity of 600 MW, the Nghi Son 1 thermo-electric plant located in Tinh Gia District is designed to provide an annual power output of 3.6 billion kWh.  

The first facility is due to be put into commercial operation in the fourth quarter of 2013, and the second will be operational by the second quarter of 2014.  

The power plant would consume about 1.6 million tons of coal from the northern province of Quang Ninh, and use modern coal-combustion technologies to ensure stable operation as well as environmental protection requirements. 

The project, set up by Vietnam’s Power Engineering Consulting Joint Stock Company No.3, was approved by the Ministry of Industry in 2006. Then the Ministry of Industry and Trade, which was a merger of the ministry and the Ministry of Trade later on, revived the total investment for the project last month.

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