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AES Vietnam President Meets with EVN Leadership to Advance Strategic Energy Projects
Quang Ninh, 12 March 2015 – AES Mong Duong Power Company Limited (AES Mong Duong) today announced that the 621 MW Unit 1 of the Mong Duong II BOT coal-fired power project (Mong Duong II), the first and largest BOT coal-fired power project in Vietnam, has entered commercial operations on 4 March 2015 ahead of schedule.
Mong Duong II, with two units and total gross capacity of 1,242 MW has been in construction in Mong Duong Ward, Cam Pha City, Quang Ninh Province since December 2010. The total investment for the project is approximately $US 2.1 billion.
Mong Duong II has worked over 42.5 million man-hours and continues to progress very well with an average of 2,500 people still supporting the remaining portions of the project every day.
After completion of construction and commissioning activities of the entire power facility in the second half of 2015, Mong Duong II is forecasted to produce more than 7.6 billion kWh of electricity annually. The project will supply electricity to Vietnam’s state-owned company, EVN, under the terms of a 25-year power purchase agreement.
Mr. David Stone, CEO and Managing Director of AES Mong Duong said, “We are very excited with this remarkable achievement of Unit 1 entering commercial operations ahead of schedule. This is not only the success of AES Mong Duong, but also a clear demonstration of close cooperation through the years between AES Mong Duong and the Government of Vietnam and its’ agencies, including but not limited to, the Office of the Government, Ministry of Industry and Trade, Quang Ninh Province, EVN, Vinacomin, Cam Pha City and Mong Duong Ward.”
AES Mong Duong, Owner of Mong Duong II, is a limited liability company formed by the affiliates of The AES Corporation (USA), Posco Energy (Korea) and China Investment Corporation (China), with The AES Corporation as the largest shareholder.
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