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Hai Duong BOT Power Plant Project Investment Agreement Signed

2015/07/23

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On July 6th, China Power Engineering Consulting Co., Ltd. (CPECC), subsidary of Energy China and Malaysia JAKS Resources Bhd (JAKS) signed Hai Duong BOT Thermal Power Plant Project Investment Agreement in Kuala Lumpur, Malaysia. Hai Duong power plant is one of the key projects under China-proposed “Belt and Road” initiative, as well as the largest investment on single project by Chinese enterprise in Vietnam.

Located in Hai Duong province, this project is about 60km to Hanoi, the capital city of Vietnam. The construction of the power plant comprises of two 600MW subcritical generating units and four Circulating Fluid Bed (CFB) boilers with a total investment of USD 1.8685 billons. The concession period of the BOT contract is 25 years. Within the concession period, profits from selling electricity will be distributed to the shareholders in proportion to the number of shares owned; at the end of the concession period, the plant will be transferred to the Ministry of Industry and Trade of the Socialist Republic of Vietnam.

Hai Duong BOT Thermal Power Plant Project is the largest investment by CPECC in overseas market. The project is constructed under ECP model.

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