RSS

Tata Power scouts for Vietnamese partner for Long Phu 2 thermal power project

Tata Power scouts for Vietnamese partner for Long Phu 2 thermal power project - 

VnEconomy citing news from the Economic Times (India) reports that private power firm Tata Power is looking for a local partner in Viet Nam to build a 1,320 MW thermal power plant. "We are looking for a local partner in Viet Nam, we would like to keep 80 percent of the equity in the project," Tata Power Managing Director Anil Sardana told reporters in New Delhi.

According to the news, this is Long Phu 2 thermal power project worth US$1.8 billion in Soc Trang province.

The company has signed an agreement with the Vietnamese government on the above-mentioned project. The pact was signed during the meeting of Prime Minister Manmohan Singh and General Secretary of the Communist Party of Viet Nam Nguyen Phu Trong on his visit to India on November 21, 2013.

The project consists of two units of 660 MW each. Tata Power, a subsidiary of India's famous Tata Group, has been awarded the Long Phu 2 thermal power project earlier this year.

The thermal power plant, which will be based on imported coal, is likely to be commissioned by 2019-20, Mr.Sardana said.

The project will be engineered, constructed, owned, operated and maintained through a BOT company owned by Tata Power and additional investors, with Tata Power as the lead member and will reach commercial operation in accordance with agreements with the Viet Nam side.

VietnamEnergy.vn

Leave your comment on this story