The US$2.7 billion coal-powered project, which has been in development for more than a decade, would generate 2.1 gigawatts of power in the southern province of Hau Giang.
Plans to build a long-delayed coal power plant in Vietnam are moving forward 18 months after the country agreed to a multibillion dollar deal to move away from the fossil fuel.
The Song Hau 2 thermal power plant has signed a grid connection agreement with Vietnam’s main utility and secured a US$980 million ($1.32 billion) loan to purchase equipment, developer Toyo Ventures Holdings Berhad said in exchange filings on the Bursa Malaysia earlier this month.
![[19/05/26] new top stories](/_next/image?url=https%3A%2F%2Fedgemarkets-transferred.s3-ap-southeast-1.amazonaws.com%2FPEO_KUNHEE_PARK_01_AC_2.jpg%3FTd3bG7fJqxPW3hMZRxhyfGgI25yRRD5v&w=640&q=75)
