The AES Corporation has signed an agreement to sell its entire stake in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam to a consortium led by a US-based investor. AES is the majority shareholder with a 51% stake in the plant, in partnership with POSCO Power's subsidiary PSC Energy Global (30%) and China Investment Corporation's subsidiary Stable Investment Corporation (19%). This transaction, which is subject to customary approvals, including from the Government of Vietnam and the minority partners in Mong Duong 2, is expected to close in late 2021 or early 2022.
The plant, which consists of two 620 MW coal-fired unit, was built under a Build-Operate-Transfer (BOT) agreement and was commissioned in May 2015. The project has secured a 25-year Power Purchase Agreement (PPA) with the national state-owned power utility Électricité du Vietnam (EVN), as well as a 25-year coal supply agreement with the state-owned coal mining and trading company Vinacomin.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.