Regional: PHI Group, Sao Nam Group to build 2,400 MW power plant in Vietnam
Friday, December 9 2011 - 12:00 AM WIB
US firm PHI Group, Inc., announced Friday that it has signed a Memorandum of Understanding for Comprehensive Strategic Cooperation with Sao Nam Group, a Vietnamese company engaged in energy, mining, real estate, and infrastructure, to build a 2,400 to 3,600 MW coal-fired power plant in Hai Khe Commune, Hai Lang District, Southeast Quang Tri Economic Zone, Vietnam.
The power plant is part of a comprehensive strategic cooperation agreement encompassing My Thuy Seaport in Quang Tri Province, Van Phong International Transshipment Port and the Van Phong Thermo-Electric Plant in Khanh Hoa Province, Vietnam, currently being developed by Sao Nam Group.
PHI Group also has a cooperation agreement with a U.S. company to provide its patent-pending coal-combustion-to-steam-energy system that requires 50% less coal to produce the same energy as presently combusted in traditional coal-fired power plants. (alex)