By Anh Minh June 18, 2021 | 11:02 am GMT+7 VNExpress
Workers fix electric cables in District 1, Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen.Vietnam Electricity, the country’ sole power distributor, has signed up three contractors for building a 1,200-MW thermal power plant at a construction cost of $1.3 billion.
The EPC contractors, No. 1 Construction Corporation, Mitsubishi Corporation of Japan and Hyundai Engineering and Construction of South Korea, will complete installation of the first turbine of the Quang Trach 1 thermal electric plant in the central province of Quang Binh within 42 months and the second in 48 months.
Capitalized at over VND41.13 trillion ($1.8 billion), with EVN bringing in 30 percent and the rest coming from commercial loans, the plant will generate 7.8 billion kWh of electricity annually.
It will be EVN’s first project using loans from banks without government guarantees.
Electricity demand is forecast to grow at 9 percent annually from this year, and reliance on imported coal would climb since most of the country’s hydroelectricity potential has been utilized and domestic gas reserves are declining, according to Fitch Ratings.
The installed capacity is set to jump to around 70 GW by the end of 2022 from 55 GW in 2019, it added.Related News:
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I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn.
I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law.
I have published many articles on national newspapers and radio stations in Việt Nam.
In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship.
Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam.
I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN.
I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net).
I study the art of leadership with many friends who are religious, business and government leaders from many countries.
In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống).
In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success".
I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.
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