Aju Business Daily

 

KEPCO said its board has approved the planned purchase of a 40 percent stake in the construction of a 1,200MW coal-fired power plant called Vung Ang 2 in Vietnam's Ha Tinh province. Samsung C&T, a key unit of South Korea's Samsung Group, and Doosan Heavy Industries & Construction will participate in design, procurement and construction operators.

 

Originally, the project worth $2.2 billion had involved Japan's  Mitsubishi and CLP, an electric company based in Hong Kong. As CLP withdrew its participation in the project, KEPCO decided to buy a 40 percent stake held by CLP.

 

The annual growth rate of electricity demand in Vietnam has been faster than in other Southeast Asian countries. Electricity from fossil fuels still plays a key role in Vietnam's total power capacity. However, environmental activists have expressed concern about pollution caused by the Vung Ang 1 thermal power plant with a designed capacity of 1,200MW that has been built to meet the power demand of an industrial zone.

 

KEPCO, whicgh has invested in a coal-fired power station project in Indonesia, said it would use new technologies to minimize carbon emissions and install additional eco-friendly facilities for the Vung Ang 2 power station.