BANGKOK, 26 June 2014 – EGAT International Company (EGATi) is planning to invest in the power plant business in Vietnam, building a 1,200 megawatt-thermal power plant project, destined to become the leader in the power energy business in ASEAN.
The acting President of EGATi, Thana Putarungsi signed a memorandum of understanding (MOU) with the Deputy Director General of the Department of Energy under the Industry and Trade Ministry of Vietnam, on construction of Quang Tri thermal power plants in Vietnam, at a meeting on June 24.
The Vietnamese government has approved EGATi as the project investor and developer. It plans to construct two thermal power plants, each with a production capacity of 600 megawatts, in Quang Tri special economic zone. The power plants will use coal as fuel for power generation. The first plant is scheduled to be completed in June 2021 followed by the second plant in December of the same year.
The Quang Tri thermal power plant project is part of the 7th power generation master plan of Vietnam. The project initiated under the BOT (Build, Operate, Transfer) plan, is to sell electricity to the government of Vietnam for use in the development of the country and of the Quang Tri special economic zone, designed to be a major industrial center in the central region. Following the MOU, EGATi will conduct an environmental impact assessment before submitting the results to the Vietnamese government in December this year. If the EGATi plan is officially approved by the Vietnamese government, it will proceed with contract signings.