Toyo Ink to import coal from RI for power project in Vietnam

Malaysia?s Toyo Ink Group Berhad will import coal from Indonesia and Australia for its planned Song Hau 2 thermal power plant in southern Vietnam, a local report said on Thursday.

Vietnamnet.vn quoted a source as saying that the Malaysian firm has yet to secure partner for the $3.5 billion project, but the company has been approached by a number of utility firms and independent power producers for equity partnership.

A memorandum of understanding (MoU) was signed by Toyo Ink for the 2,000 megawatt Song Hau 2 coal-fired power plant under a build-operate-transfer (BOT) agreement in 2013. The plant is part of the 5,200 megawatt Song Hau power centre in Hau Giang industrial park. The power centre will be home to three separate power plants, including the 600MW Song Hau 1, operated by Vietnam?s state-run oil and gas group PetroVietnam.

Toyo Ink?s Vietnam representative office head, Nguyen Hung Viet, said hat the first phase would have a capacity of 1,000MW by 2021 with the second phase generating 2,000MW by 2022.(*)