ITA Group Plans US$2.5 Bln for 1st Phase of Kien Luong Power, Port Complex
Tan Tao Group (ITA Group) is set to invest an estimated capital of US$2.5 billion in the first phase of the Kien Luong thermal power and port complex in Mekong Delta Kien Giang province, the group’s recent press release quoted Chairwoman Dang Thi Hoang Yen as saying.
The exact investment for the phase will be defined after bidding and work appraisal, said Yen.
Total investment for the complex is estimated at US$7.7 billion, including US$6.7 billion for construction of the 5,200-MW power center and US$1 billion for two ports.
The 556-hectare Kien Luong power center, which consists of three main thermal power plants in local Ba Hon hamlet in Kien Luong district, will become Vietnam’s largest thermal power project to be built by a Vietnamese private company.
The center is due for groundbreaking in 2009 with the first operation in 2013, and is forecast to consume up to 10 million tons of coal a year when fully operational 2016.
According to the group’s recent press release, it will announce the list of interested international EPC contractors and competitive bidding providers for the complex’s first phase at a meeting to be held in Ho Chi Minh City December 10.
Several Vietnamese and foreign consultants such as Black & Veatch, SEI, FHDI, and PECC 2 and other strategic partners of the U.K.’s International Power, Japan’s Sojitz & Kuyshu will also gather at the meeting. (ITA)
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