Construction of the Hải Dương-Việt Nam thermo power plant officially kicked off yesterday in Hải Dương Province’s Phúc Thành Commune after a five-year delay.

The power plant will have two 600MW-steam turbines run by JAKS Hải Dương Power Company Ltd under the Malaysia-based JAKS Resources Berhad Group and the China Power Engineering Consulting Group. It has a total capital investment of US$1.86 billion.

According to an agreement signed in July last year, the Hải Dương power plant, built under the Build-Operate-Transfer model, will be handed to the Vietnamese government after 25 years of operation.

The first turbine is expected to start running in December 2019 while the second turbine is slated for June the following year.

The thermo power plant, covering an area of more than 300ha spread over Phúc Thành, Quang Trung and Lê Ninh communes in Kinh Môn District, was approved by the Vietnamese government in August 2011.

Yet the failure of joint venture co-operative agreements between the investor, JAKS, and Malaysian companies Island Circle Investment Holding Ltd and Sanjung Merpati Sdn Bhd, as well as China-based energy firms Wuhan Kaidi Electric Power Engineering Co and Meiya Power Ltd, left the project up in the air for nearly five years.

The power plant marked the first project by JAKS group in Việt Nam’s power generation industry.

Source:
courtesy of VIET NAM NEWS

by VNS

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