China Southern Power Grid owns a 55% stake in the project while China Power International Development and Vietnam National Coal-Mineral Industries (Vinacomin) hold 45% and 5%, respectively.
In the largest ever investment by China in Vietnam, the project will majorly be funded by the Chiense companies.
Vinh Tan 2, Vinh Tan 4 and a part of Vinh Tan 3 have all already been built.
The plant will be constructed under a 25-year build-operate-transfer (BOT) contract with the Vietnamese Government.
Designed to help ease power crisis in Vietnam’s southern region, the power plant’s first generator is planned to be commissioned in December 2018 followed by the second in June 2019.
The project is expected to generate approximately 8 billion KWh of power annually, accounting for 2.8% of the total power generation in the country.
Vinh Tan 1 will use coal imported mostly from Indonesia and Australia, reproted Reuters.
