Vietnam gets Japanese loan for thermal power plant

  • July 21, 2014

Japanese banks will loan the Electricity of Vietnam group (EVN) more than US$338.2 million to build the Vinh Tan 4 thermal power plant in the central province of Binh Thuan under a contract inked in Hanoi on July 17.

Representatives from the EVN and the Japan Bank of International Co-operation ink the contract.

Over US$202.9 million of the 17-year loan is lent by the Japan Bank of International Co-operation, while the rest comes from the Bank of Tokyo-Mitsubishi.

The construction of the twin-turbine 1,200 MW plant, invested by the EVN Power Generation Company 3, was started on March 9 this year.

The plant has a total investment of some US$1.8 billion and will generate about 7.2 billion kWh per year once fully operational in the third quarter of 2018. Its first turbine is slated to be put into use in the fourth quarter of 2017.

Vinh Tan 4, together with three other plants, forms the Vinh Tan Power Centre – the country’s largest coal-fired power station, with a combined capacity of 5,600 MW.

The centre’s operation will mainly serve the southern central and southern regions.


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