Major power plant project changes hands

Prime Minister Nguyen Tan Dung has given the green light for Tan Tao Energy Joint Stock Company to take over the proposed Kien Luong 1 and Kien Luong 2 thermo-power plants from parent company Tan Tao Investment & Industry Corporation.

Tan Tao Energy Joint Stock Company was set up by Itaco in May last year to develop power projects.

Kien Luong will be the largest thermo-power plant project in Vietnam at a cost of US$6.7 billion.

Kien Luong 1, with a capacity of 1,200MW, will begin operation in 2013 -2014 and the 1,200 - 2,000MW Kien Luong 2 will go on stream in 2015 – 2016.

By M.Truong – Translated by H.Mien

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