Petrovietnam to build coal-fired plant
Petrovietnam Technical Services Corporation has been picked to build the 1,200-megawatt Long Phu 1 plant with two generators in the Mekong Delta province of Soc Trang, the group said in a statement.
Long Phu 1, expected to start operation in 2014, would import coal from Indonesia and Australia and framework contracts over long-term supply of the fuel have been signed with foreign companies, it said but did not name any coal sellers.
Petrovietnam will use its funds to meet 30 percent of the plant's investment cost, while taking export credit assistance funds for the remaining 70 percent, the group said.
To cope with regular shortfalls of electricity in recent years, Vietnam has been speeding the construction of power plants, buying electricity from China and urging people to conserve power.
It plans to start construction of the country's first nuclear power plant in 2014 using Russian technology.
Related News

Cheaper electricity rate for customers on First Nations not allowed, Manitoba appeal court rules
WINNIPEG - Manitoba Hydro was wrongly forced to create a new rate class for electricity customers living on First Nations, the Manitoba Court of Appeal has ruled.
The court decided the Public Utilities Board "exceeded its jurisdiction" by mandating Indigenous customers on First Nations could have a different electricity rate from other Manitobans.
The board made the order in 2018, which exempted those customers from the general rate increase that year of 3.6 per cent.
"The directive constituted the creation and implementation of general social policy, an area outside of the PUB's jurisdiction and encroaching into areas that are better suited to the…