Saigon Industry Corporation, Power Generation Corporation 2 and Electric Power Trading Investment Corporation signed a cooperation document to build Coc Hai 1 Win Power Plant in Ninh Thuan Province on March 25.
The project will cost nearly VND1.2 trillion (US$ 57 million) in two phases.
The first phase will begin June this year costing VND 190 billion (US$ 9 million) to build three 1MW turbines. They are scheduled to complete by the end of this year and begin operation next year.
The plant will be built under low-cost technology and will be able to generate power at a capacity 2.5 times higher than present power plants.