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NEWS UPDATES 1 April 2010

Vietnam’s EVN signs $1.4bn contract with Chinese energy firm

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Electricity of Vietnam (EVN) signed a contract worth $1.4 billion for construction of a thermo electric plant with China's Dongfang Electric Corporation in Hanoi on March 30, the Antara news agency reported.

Once the Engineering, Procurement and Construction (EPC) contract becomes effective, the construction of the Duyen Hai 1 thermo electric plant project’s main plant will begin some time this year and is expected to be operational for 50 years as of the second quarter of 2014.

EVN General Director Pham Le Thanh said that the project is one of three plants of the Duyen Hai Electricity Centre, part of the national power development scheme for the 2006-2015 period.



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