Hyundai gets $1.27B Vietnam coal-fired project

Hyundai Engineering & Construction will construct the main plant at the Mong Duong power project in Quang Ninh province, Vietnam.

Based on the $1.27 billion contract Hyundai has secured, the first turbine of the 1,080MW coal-fired power plant is expected to be operational in 2015 and the second turbine will be operational later in the same year.

The plant will be capable of generating up to 6.5 billion kilowatt hours annually and will use about 3t of coal a year.