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Vietnam’s new power plant to ease power shortages

Vietnam has started building the 750-megawatt Nhon Trach 2 Power Plant in the southern province of Dong Nai to ease electricity shortages, Bloomberg news reported.

Construction began June 27, the government said in a statement posted on its Web site. State-run Vietnam Oil & Gas Group owns about 51.8 percent of the $700 million plant, some 35 kilometers (22 miles) southeast of Ho Chi Minh City, it said.

The plant is intended to help ensure stable power supplies and energy security, and improve flows to the national grid, the government said.

Other major investors include Electricity of Vietnam, Vietnam Post & Telecommunications, Vietnam National Coal-Mineral Industries Group, and Bank for Investment & Development of Vietnam, according to the statement.

Construction of the plant, designed to have annual output of about 4.5 billion kilowatt-hours, will be completed at the end of 2011, when it will start generating power, the government said.

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