CHINA, MALAYSIA, VIETNAM COAL INVESTMENT $3.2 BLN
ENERDATA - 28 Jan 2021 - The Chinese state-owned conglomerate China Energy Engineering Corporation (CEEC) and Toyo Ventures Holdings Bhd (TVHB, Malaysia) have signed an investment and development agreement for the 2,120 MW Song Hau 2 coal-fired power plant in Hau Giang province, in southern Vietnam. The US$3.2bn power plant has already secured feasibility study approval and environmental assessment permits, and signed franchise rights, government guarantees, land leases and power purchase agreements with the Vietnamese government. It will consist of two 1,060 MW units and ancillary infrastructure, such as a coal handling system and dedicated coal jetties.
Coal accounts for 35% of Vietnam’s installed capacity, with nearly 20 GW (end of 2019). More than 10 GW of coal projects are currently under construction and 24 GW under development.