Tata Power Wins $1.8B Vietnam Power Project

Law360, New York (June 7, 2013, 3:15 PM EDT) -- India's Tata Power Co. Ltd. reportedly confirmed Friday that it has won a contract worth $1.8 billion to build two coal-fired thermal power plants in Vietnam, beating out competing bids from South Korean and Russian companies.

The energy giant has been awarded the rights to develop the 1,200 megawatt Long Phu 2 project, and is working on drafting a power purchase agreement and reaching financial close, according to reports by Live Mint and Hindu Business Line. The decision could pave the way for plants to start...
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