(EnergyAsia, June 4 2013, Tuesday) — The Vietnamese government has approved and included a 1,200MW coal-fired power plant by Sembcorp Industries in the country’s power development master plan for 2011 to 2020, the company said.
The Singapore firm said subsidiary Sembcorp Utilities has also been appointed by the Vietnamese government to own and develop the power project in the Dung Quat Economic Zone in the central province of Quang Ngai province.
At a ceremony held in Singapore last week, Sembcorp’s Group President and CEO, Tang Kin Fei, was presented the approval letter by the Secretary of Quang Ngai Provincial Party Committee, Vo Van Thuong. The presentation ceremony was witnessed by Singapore’s Prime Minister Lee Hsien Loong and Vietnam’s Prime Minister Nguyen Tan Dung.
The 10,300-hectare Dung Quat Economic Zone is being developed as a major industrial and economic hub that includes oil refining and petrochemical industries with access to markets in Laos, Thailand and Myanmar. The zone is being expanded to eventually cover an area of over 45,000 hectares by 2015.
This is Sembcorp’s second power project in Vietnam. Sembcorp owns a 33%-stake in the Phu My 3 power plant, a 746-MW gas-fired power plant which began commercial operation in 2004, in Ba Ria-Vung Tau province in southern Vietnam.
Sembcorp Industries’ subsidiary, Sembcorp’s Urban Development business, is developing its fifth industrial project in the country through a joint venture in the Vietnam Singapore Industrial Park (VSIP).
The S$337.8 million VSIP Quang Ngai comprises a 600-hectare industrial park located within the Dung Quat Economic Zone as well as a 520-hectare site zoned for commercial and residential development near downtown Quang Ngai city.