Mitsubishi Corporation, Doosan Heavy Industries & Construction of Korea, Power Engineering Consulting Joint Stock Company 2 and Pacific Corporation, has concluded a contract with state-owned Vietnam Electricity (EVN) to build a coal-fired thermal power plant in Vietnam. The plant, located in Vinh Tan in Binh Thuan province, will be composed of two units of 600 MW each with completion expected by 2017 for the first unit and by 2018 for the second unit.
Electricity demand in Vietnam has more than tripled since 2000 and is expected to increase by more than 10%/year in the coming years due to rising population and economic growth. Southern Vietnam in particular faces a critical situation in relation to the current imbalance between existing supply and the increasing demand for electricity. There is therefore urgent need for the development of power generation infrastructure in the region.
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