Vietnamese hydropower plant to be built at $150-M

World Bank financed Vietnamese hydropower project.

This is a first in Vietnam, with $295.2 million of the total cost of $410 million being provided by the World Bank.

The Trung Son Hydropower Co Ltd signed a deal worth close to US$150 million with a joint venture company to build and equip the Trung Son Hydropower Plant.

The joint venture is formed between Samsung C&T Corporation and Construction Company 47.

Speaking at the signing ceremony, Ngo Viet Hai, chairman and director of the Trung Son company said yesterday that the deal was the biggest so far on the project.

Located on the Ma River in the Quan Hoa District of central Thanh Hoa Province, the plant – with its eventual capacity of 260MW – is expected to provide 1.55 billion kWh to the national power grid every year. A reservoir will be created, covering an area of about 13.13 sq.km.

EVN wants to increase its capacity for preparing hydropower projects that meet international standards.

The first rotor is expected to generate electricity by 2017 and project completion is expected by 2018. 

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