VNS reported that a massive ceremony to celebrate the biggest foreign direct investment in a power project, the Hai Duong 1,200 MW thermal power plant, was held in Kim Mon District, Hai Duong Province.

The Hai Duong power plant will have two 600 MW steam turbines run by JAKS Hai Duong Power Company Limited under the Malaysia based JAKS Resources Berhad Group with a total capital investment of USD 2.25 billion.

Covering an area more than 300 hectare spread over Phuc Thanh, Quang Trung and Le Ninh communes in Kim Mon District, construction for the plant is scheduled to start in June 2012 with the first turbine expected to be operational by the fourth quarter of 2016 and the other by the second quarter of 2017.

At the ceremony, general director of the group Ms Andy Ang Lam Poah said the plant will operate under the BOT model as an independent power producer and will be transferred to the Ministry of Industry and Trade after 25 years of operation.
When it opens, the plant will use coal provided by Viet Nam National Coal and Mineral Industries Holdings Limited. Hai Duong BOT Power Plant was approved by the Prime Minister in September 2008 and is part of Viet Nam's Power Planning Outline VI initiative.

(Sourced from VNS)