AES Corp to invest $1.4 bln in Vietnam power plant http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-11-16T091024Z_01_HAN211866_RTRIDST_0_ENERGY-VIETNAM-AES.XML&rpc=66&type=qcna
Thu Nov 16, 2006
HANOI, Nov 16 (Reuters) - AES Transpower, a unit of AES Corp (AES.N: Quote, Profile, Research) of the United States, has signed a contract to invest $1.4 billion in a coal-fired power plant in northern Vietnam, state media reported on Thursday.
The 1,000 megawatt plant, to be constructed under build-operate-transfer (BOT) terms, would be located in Mong Duong, Quang Ninh province, home to Vietnam's largest coal mine, the online newspaper VnExpress reported.
The duration of the BOT contract, signed on Thursday between AES Transpower and state-run dominant coal producer Vinacomin, was not immediately known. Power demand, triggered by fast economic expansion, is forecast to grow up to 17 percent per year, driving the government to plan 60 additional plants by 2010.
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