China Signs US$430 Million Power Plant Construction Deal

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Jul. 9 – China’s Wuhan Kaidi Electric Power has agreed to build the Mao Khe thermo-electric power plant in Quang Ninh Province for US$430 million.

The power plant project is backed by the Vietnam National Coal and Minerals Industrial Group with a capitalization of VND9,315 billion. When it is finished in 2012, the plant will be able to produce 440 MW of electricity from dust coal from the Mao Khe, Trang Bach, Khe Chuoi and Hong Thai mines.

By then it should be a part of the country’s grid, contributing 2.6 billion kWh of electricity per year. The Chinese company Kaidi, under its engineering, procurement and construction contract, will be given 42 months to build the entire 72 hectare plant beginning from the initial plans to test runs to training and maintenance.

The total cost of building the power plant is projected at more than US$577 million.