PetroVietnam Power Corporation (PV Power) and PetroVietnam Construction Joint Stock Corporation (PVC) have signed an engineering, procurement and construction (EPC) contract worth $1.2bn for the Thai Binh 2 coal plant.
Under the contract, PVC as general contractor of the project will carry out works in the EPC package including designing, equipment and materials purchase, building and installation execution, test running, training, and arrangement of capital. PVC will implement the package in cooperation with the project management consultant and the foreign designing consultant.
Covering an area of 43 ha in My Loc commune, Thai Thuy district, Thai Binh northern Province, the 1200 MW plant has a total investment of more than $1.6bn. It consists of two plant units, using a popular coal-fueled steamer, which is an environmentally friendly technology that meets Vietnamese and international standards on emission.
Once completed and put into operation, the plant is expected to provide more than 6.7bn kWh for the national grid system.As scheduled, the project will be started on 1 March 2011.
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