$2.8 bln thermal power plant set for National Day inauguration
Work on the foreign-invested Nghi Son 2 thermal power plant in Thanh Hoa province has been completed.
The 1,200MW Nghi Son 2 thermal power plant in Thanh Hoa province, central Vietnam. Photo courtesy of Thanh Hoa newspaper.
Provincial authorities and three developers - Korea Electric Power Corp. (Kepco), Marubeni and Tohoku Electric Power - plan to inaugurate the 1,200MW plant on September 2, Vietnam’s National Day.
Kepco contributed half of the project investment, while the figure for Japanese companies Marubeni and Tohoku is 40% and 10%, respectively.
Construction of the project in Nghi Son Economic Zone, which is also home to the $9-billion Nghi Son Refinery and Petrochemical complex, one of Vietnam’s two operational oil refineries, began in 2018.
Its developers had said the power plant would use cutting-edge technologies to ensure productivity and cut coal losses and emissions. As a build-operate-transfer (BOT) project, the plant will be transferred to state utility Vietnam Electricity (EVN) 25 years after operation.
Thanh Hoa officials and representatives of project developers inspect the site to hold the September 2 inauguration ceremony of the Nghi Son 2 Thermal Power Plant, August 22, 2022. Photo courtesy of Thanh Hoa newspaper.
The new facility, with two 600MW generators, and the operational 600MW Nghi Son 1 Power Plant are part of the Nghi Son Power Center, an energy complex ensuring electricity supply for the central province and nearby areas.
- Related News
- Read More
AI can’t compete with human in curiosity, creativity, emotional intelligence: FPT corp. exec
AI lacks curiosity, creativity, and emotional intelligence - the qualities that humans must prioritize to maintain their competitive edge, says Hoang Nam Tien, former chairman of FPT Software and FPT Telecom under Vietnam's leading tech corporation FPT.
Companies - Fri, January 17, 2025 | 9:41 am GMT+7
HCMC’s Can Gio port project gets in-principle approval
Vietnamese Prime Minister Pham Minh Chinh has granted in-principle approval to the Can Gio International Transshipment Port project in Ho Chi Minh City, with investment capital exceeding VND50 trillion ($1.97 billion).
Infrastructure - Fri, January 17, 2025 | 8:17 am GMT+7
Vietnam's Big 4 lender Vietcombank to issue nearly 2.8 bln shares for dividend payment
Vietcombank will expand its chartered capital from VND55,891 billion to VND83,557 billion ($3.29 billion) via an issuance of shares to pay dividends, becoming the largest bank in Vietnam by chartered capital.
Banking - Thu, January 16, 2025 | 7:58 pm GMT+7
Indonesia exports $1.5 million worth of steel to New Zealand
Indonesian Trade Minister Budi Santoso on Wednesday sent off export consignments of welded beam steel, measuring 1,200 metric tons and valued at $1.5 million, to New Zealand, reported national news agency Antara.
Southeast Asia - Thu, January 16, 2025 | 7:17 pm GMT+7
Vietnam to build Ninh Thuan nuclear power plant within 5 years
Vietnam strives to complete building its Ninh Thuan nuclear power plant in five years (by 2030), towards the 100th anniversary of the Communist Party of Vietnam (1930-2030).
Energy - Thu, January 16, 2025 | 5:06 pm GMT+7
Malaysia, UK discuss elevating relations to strategic partnership
Malaysian Prime Minister Datuk Seri Anwar Ibrahim and his UK counterpart Keir Starmer discussed the elevation of bilateral relations to a strategic partnership during their talk in London on Wednesday.
Southeast Asia - Thu, January 16, 2025 | 3:30 pm GMT+7
Thailand’s Central Retail opens $11 mln GO! hypermarket in central Vietnam
Thailand’s leading retailer Central Retail opened a hypermarket per its GO! model in Vietnam’s south-central province of Ninh Thuan on Wednesday.
Industries - Thu, January 16, 2025 | 3:29 pm GMT+7
Investment Support Fund: A Strategic leap for Vietnam's economic future
The Vietnamese Government's Decree No. 182/2024/ND-CP, which outlines the establishment, management and use of the Investment Support Fund, represents not just policy instruments for attracting investment but also foundations for advancing strategic sectors and elevating the country's position in the global economy, writes Tran Anh Son, tax & legal director, Global Innovation and Investment Incentives (Gi3), Deloitte Vietnam.
Economy - Thu, January 16, 2025 | 2:55 pm GMT+7
Vietnam PM orders appraisal of tax policies to curb property speculation
The Ministry of Finance needs to study tax policies to curb property speculation in line with Vietnam’s socio-economic conditions and international practices, Prime Minister Pham Minh Chinh has requested.
Real Estate - Thu, January 16, 2025 | 2:40 pm GMT+7
Vietnam’s budget carrier VietJet can pilot China's Comac aircraft on some routes: Deputy PM
China’s state-owned aerospace manufacturer Comac and Vietnam’s budget airline VietJet should collaborate with a Chinese airline having Comac aircraft to pilot Comac aircraft on some of VietJet routes, says Vietnamese Deputy Prime Minister Tran Hong Ha.
Companies - Thu, January 16, 2025 | 12:26 pm GMT+7
Offshore wind power investors can sell entire projects in Vietnam: draft decree
A draft decree on offshore wind power being compiled by Vietnam’s Ministry of Industry and Trade will facilitate investors to sell their projects or stakes.
Energy - Thu, January 16, 2025 | 11:27 am GMT+7
Build your own sales channels if e-commerce competition too harsh: NextTech exec
If e-commerce competition is too harsh, Vietnamese businesses should develop their own sales channels and customer databases, says Nguyen Hoa Binh, founder and chairman of NextTech Group, a leading technology startup in Vietnam.
Economy - Thu, January 16, 2025 | 9:05 am GMT+7
Indonesia moves to secure domestic pharmaceutical independence
Indonesia's Health Ministry is working to achieve domestic pharmaceutical independence through research and development, production, and market guarantees.
Southeast Asia - Thu, January 16, 2025 | 8:09 am GMT+7
Malaysia cooperates with UAE in AI development, digital transformation
Malaysian Prime Minister Anwar Ibrahim has said that the country must embark on digital transformation within its economic and financial sectors, prioritizing areas such as blockchain and cryptocurrency to remain at the forefront of the digital age.
Southeast Asia - Wed, January 15, 2025 | 11:00 pm GMT+7
Thai billionaire seeks to increase stake in Vietnam dairy gaint Vinamilk
F&N Dairy Investments Pte. Ltd - an entity associated with Thai billionaire Charoen Sirivadhanabhakdi - has registered to purchase nearly 20.9 million shares of Vietnamese dairy giant Vinamilk (HoSE: VNM).
Companies - Wed, January 15, 2025 | 10:54 pm GMT+7
Vietnam PM leaves for official visits to Poland, Czech, WEF meeting
Prime Minister Pham Minh Chinh departed Hanoi on Wednesday afternoon for official visits to Poland and the Czech Republic, attendance at the 55th World Economic Forum (WEF) Annual Meeting in Davos, and bilateral meetings in Switzerland.
Politics - Wed, January 15, 2025 | 10:31 pm GMT+7
