Vietnam Coal Plant Nabs Up To $1.2B From State Investor

Law360, New York (February 6, 2012, 11:53 AM EST) -- PetroVietnam Finance Corp., a subsidiary of Vietnam's state-owned oil and gas group, will arrange funds worth between $980 million and $1.17 billion to build a coal-fired power plant in northern Vietnam, it said Monday.

The 1,200-megawatt Thai Binh 2 plant, a project of Vietnam Oil and Gas Group, is scheduled to go online in 2014, with a second turbine hitting commercial operation in 2015. Total capital costs for the project are expected to be about $1.67 billion, the company said. Construction began last spring.

The plant...
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