The Quang Trach 2 thermal power plant at the Quang Binh Power Centre in Quang Dong commune, Quang Trach district, Quang Binh province

According to the provincial People’s Committee, a number of these projects could make a momentum for the local economy, including the 3,600 MW Quang Trach 1 thermal power plant, which has received an investment of over USD1.6 billion by the Vietnam Oil and Gas Group, and the Lao Government-invested construction of an oil pipeline system to Laos with an investment of USD200 million.

Recently, many foreign investors, including those from Taiwan (China), the Republic of Korea and Russia have also come to Quang Binh to learn about investment opportunities.

Among investors, Russia’s Inter RAO Group has signed a memorandum of understanding (MoU) with Quang Binh province on building the Quang Trach 2 thermal power plant under the BOT (Built-Operate-Transfer) model.

According to MoU, two sides have agreed on building the Quang Trach 2 thermal power plant at the Quang Binh Power Centre in Quang Dong commune, Quang Trach district with an investment of USD2.4 billion. It will have two turbines with a total power capacity of 1,200-1,320 MW.

In order to continue strengthening investment promotion, the province has currently listed 49 projects calling for investment, of which four operate in infrastructure; seven in industrial production; six in health care, culture and education; and 32 in trade and tourism.

Besides, Quang Binh province has offered many attractive investment incentives to investors to boost cooperation and development.

Translated by Nhu Y
(Source: Vietnam Plus)