The first turbine of the Vung Ang II thermal power plant was inaugurated on September 18 at the Vung Ang Economic Zone in central Ha Tinh province.

With a total investment of $2.2 billion, the BOT project has a designed capacity of 1,200MW, comprising two turbines of 600MW each.

Vung Ang II is a joint venture between Japan’s Mitsubishi Corporation, which holds a 60% stake, and the Korea Electric Power Corporation, with 40%.

Initiated in 2007, the project is regarded as a significant step toward strengthening Vietnam’s energy security and promoting sustainable growth in Ha Tinh province.

The second turbine is scheduled for completion by the end of this year.

Once fully operational, the plant will help ensure power supply for the central region and neighboring provinces, supporting industrial, agricultural, and service sector development.