Vinh Tan 1 power plant largest Chinese investment in Vietnam

The Vinh Tan 1 Thermal Power Plant, located in Vietnam's southern province of Binh Thuan, will help ease local electricity shortages after its completion, the People's Daily reports.

The coal-fired power plant includes two 600-MW super-critical generating units, which are expected to be put into operation in December 2018 and June 2019, said Chen Lianqing, general manager of the Vinh Tan 1 Power Company Ltd., a consortium of China Southern Power Grid, China Power International Development and Vinacomin-Power Holding Corporation, a subsidiary under Vietnam National Coal-Mineral Industries Corporation.

Chen said the power plant will generate around 8 billion kWh of electricity annually by 2019.

The plant, with a total investment of about US$1.76 billion, is the biggest project invested by Chinese companies in Vietnam, as well as the first BOT (Build-Operate-Transfer) investment made by China in the country. Both its design and construction adopt Chinese standards. With advanced technologies and equipment, the project is environmental friendly.

It is an important project under the framework of the China-proposed Belt and Road Initiative.