The first phase of the project with a total investment of US$2.5 billion will be invested by ITA. The total investment capital for the whole project could be some US$6 billion. However, according to Dang Thi Hoang Yen, ITA's chair, the exact total investment capital for the project will be determined after the tender and work appraisal.
A representative from ITA said that there are at least six foreign and domestic contractors keen on this tender package such as Black & Veatch, SEI, FHDI, PECC 2 and strategic partners, UK-based International Power, Japan-based Sojitz & Kuyshu and other international contractors.
Kien Luong seaport and thermo power centre is Vietnam's biggest thermo power project invested by a private firm.
The project is located in Kien Luong District in the southern province of Kien Giang will be completed in three phases from 2009 to 2018. The thermo power centre will have an estimated capacity of 4,400-5,200 MW including three thermo power plants namely Kien Luong I thermo power plant with a capacity of 1,200 MW, the Kien Luong plant II with a capacity of 1,200-2000 MW and the Kien Luong thermo power plant III with a capacity of 2,000 MW.
Under Dispatch No 1385 issued by the Prime Minister, the first Kien Luong thermo power plant will be put into operation by 2013-2014 and the second one will start operations by 2015-2016.
Source: VNE
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