Mong Duong II power project of AES-VCM Mong Duong Power Company Limited in the Quang Ninh Province's Cam Pha City. Its 621MW unit 1 will begin commercial operations on March 4. — Photo quangninh.gov.vn

QUANG NINH (Biz Hub) — AES-VCM Mong Duong Power Company Limited (AES Mong Duong) on March 12 announced that the 621MW unit 1 of Mong Duong II power project began commercial operations on March 4.

Mong Duong II is the first and largest build-operate-transfer coal-fired power project in Viet Nam. The unit 1 of the project has begun commercial operations ahead of schedule.

Mong Duong II, with two units and a gross capacity of 1,242MW, has been in construction in the Quang Ninh Province's Cam Pha City since December 2010. The total investment for the project is approximately US$US 2.1 billion.

The project has worked more than 42.5 million man hours and continues to progress very well, with an average 2,500 people supporting the remaining work every day.

After completion of the construction and commissioning activities of the entire power facility in the second half of 2015, it is expected to produce more than 7.6 billion kWh of electricity annually. The project will supply electricity to the Electricity of Viet Nam (EVN), under the terms of a 25-year power purchase agreement.

"We are very excited with this remarkable achievement of unit 1 entering commercial operations ahead of schedule. This is not only the success of AES Mong Duong, but also a clear demonstration of the close co-operation through the years between the company and the government of Viet Nam," David Stone, CEO and Managing Director of AES Mong Duong, said.

AES Mong Duong is a limited liability company formed by the affiliates of the AES Corporation (United States), Posco Energy (South Korea) and China Investment Corporation (China), with the AES Corporation as the largest shareholder. — VNS