Le Viet Chu, Chairman of the Provincial People's Committee Le Viet Chu receives Kian Min Low, Sembcorp head of business development (Singapore). — Photo baodautu

QUANG NGAI (Biz Hub) — This central province will turn over 141 hectares of cleared land to Singapore's Sembcorp in preparation for the construction of a thermal power plant in 2016.

The turnover for the Dung Quat Thermal Power Plant Project, to be built in the first quarter of 2016, was announced at a meeting last Wednesday between Le Viet Chu, Chairman of the Provincial People's Committee and Kian Min Low, Sembcorp head of business development.

At the meeting, Kian Min Low expressed hopes that the province and the management board of the Dung Quat Economic Zone would soon proceed with a framework agreement on the 2,100 MW power plant project.

The first phase of the project, with an investment capital of US$2 billion, is expected to be operational by the third quarter of 2020, and the entire project is expected to be fully operational by 2021. The plant is expected to produce seven billion kilowatt hours of electricity per year. —VNS