HCMC – The prime minister has approved the Vietnam Electricity Group’s (EVN) Quang Trach II thermal power project worth an estimated VND48.2 trillion (US$2.1 billion) in Hon La Economic Zone in Quang Binh Province.
The estimated investment for the project, which was designed to have a capacity of 1,200 megawatts, will include EVN’s equity of more than VND9.6 trillion and loans of over VND38.5 trillion, the local media reported.
The first generator of the plant is expected to be put into commercial operation in 2028 and the second generator in the following year.
The prime minister has urged the government of Quang Binh Province to accelerate the issuance of the investment registration certificate, the handover of land for EVN and the conversion of the land use purpose as well as to supervise the execution of the project. The Government leader has also asked the province to coordinate with the Ministry of Natural Resources and Environment and EVN to assess the possible impacts of the project on the environment.
Meanwhile, EVN must be responsible for capital mobilization solutions of the project. It must also ensure the effectiveness of the State capital poured into the project.