The Vung Ang II Thermal Power Plant was officially inaugurated on April 18 at the Vung Ang Economic Zone in central Ha Tinh province.
The project is developed under a build-operate-transfer (BOT) model with a total investment capital of $2.2 billion.
It has a designed capacity of 1,200 MW, comprising two turbines, meeting around 3.3% of the national electricity demand.
The plant is expected to play a key role in ensuring stable electricity supply for the central region and neighbouring areas, thereby facilitating the development of industries, agriculture and services.
The project is a strategic partnership between Japanese and Korean investors, led by Mitsubishi Corporation holding a 60% stake, and Korea Electric Power Corporation (KEPCO), which owns the remaining 40%.
Google translate