Tata Power To Build $1.8B Coal Plants In Vietnam

Law360, New York (November 22, 2013, 3:05 PM EST) -- Indian energy giant Tata Power will partner with Vietnam's Ministry of Industry and Trade to develop two thermal coal plants worth $1.8 billion in Vietnam's Soc Trang province, the company said Friday.

Vietnamese officials and investors approved the project, Tata's first coal plant outside India, earlier this summer, beating out competing bids from South Korean and Russian companies. The plants will provide 1,200 megawatts of energy, and a power purchase agreement is in the works. Tata and the ministry signed a memorandum of understanding on Friday. 

"It gives...
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