US$980 million contract for Song Hau 2 Thermal Power Plant Project signed
Toyo Ink Group Berhad, Song Hau 2 Power Company Limited and Export-Import Bank of Malaysia (Eximbank Malaysia) have signed a credit contract worth US$980 million for Song Hau 2 Thermal Power Plant Project.
Successfully dealing with a US$980 million loan to carry out the design, equipment procurement, construction and operation of the Song Hau 2 Thermal Power Plant Project is of great significance, thus enabling the investor to go ahead with coordination with relevant parties to implement the next stages to meet the project schedule.
The Song Hau 2 Thermal Power Plant Project is implemented in the form of BOT in Chau Thanh district, the Mekong Delta province of Hau Giang , invested by Toyo Ink Group Berhad, with a design capacity of 2 x 1,060 MW. This is considered an important project in Electricity Planning VIII.
The project's contracts (BOT, power purchase, sale and land lease conrtracts) were signed in December 2020 and have taken legal effect.
Song Hau 2 Thermal Power Project is located in Song Hau Power Center where Song Hau 1 Thermal Power Plant invested by Vietnam National Oil and Gas Group entered commercial operations in 2022, with a capacity of 1,200 MW.
It is expected that after being put into operation, Song Hau 2 Thermal Power Plant will contribute to diversifying power generation sources and ensuring energy security as a way of bringing abundant revenue to the local budget, creating jobs for locals, and boosting the socio-economic development of Hau Giang province as well as the Mekong Delta region.
Source: VOV
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