The power plant is part of a comprehensive strategic cooperation agreement covering My Thuy Seaport in Quang Tri Province, Van Phong International Transshipment Port.
In addition, it also includes the Van Phong thermo-electric plant in Khanh Hoa Province of Vietnam currently being developed by Sao Nam Group.
PHI Group has the capability to supply coal to power plants on a long-term off-take basis and will provide advanced technologies in coal combustion.
These advanced technologies significantly reduce operation costs and emissions.
Furthermore, PHI Group also has a cooperation agreement with a US company to provide its patent-pending coal-combustion-to-steam-energy system.
The system requires 50% less coal to produce the same energy as presently combusted in traditional coal-fired power plants.
This process removes NOx, SOx and other emission impurities by an estimated 99%, below the United States Environmental Protection Agency (EPA) standards.
The system can be installed at approximately 70% of the cost of today’s coal combustion plants based on a comparative system in the particular country.
It can also be installed with existing steam turbines and does not require the installation of large, expensive, and comparatively ineffective gas emission scrubbers as presently required on coal-fired power plants.
