Japan''s Shikoku Electric Power Company has paid more than 10 billion yen (US$87 million) to buy a 15 per cent stake in the Ha Tinh-based Vung Ang 2 coal-fired power plant project in Viet Nam.
Malaysian pipe-maker JAKS Resources Bhd has signed an agreement with
China Power Engineering Consulting Group Co Ltd (CPECC) to set up a
joint venture to build a coal-fired power plant.
The capital city ranked first in the nation in attracting investment
from European Union countries, with 357 projects worth US$3 billion,
according to the Foreign Investment Agency (FIA).
Japan''s Sumitomo Group has fast-tracked negotiations on a
build-operate-transfer (BOT) contract for the Van Phong coal-fired power
plant, and an agreement on the project is expected to be made with the
Ministry of Industry and Trade in the first quarter of next year.