October 13, 2008
OneEnergy, EVN to Develop Two Phases of Vinh Tan Power Complex
OneEnergy, a joint venture between the CLP Group and Mitsubishi, and state-owned electricity utility Vietnam Electricity have signed a memorandum of understanding for the development and ownership of phases 3.1 and 3.2 of the Vinh Tan power complex in the Binh Thuan province of Vietnam.
With a planned installed capacity of over 2,000MW, the coal-fired power plant project will be OneEnergy's first major investment in Vietnam.
Mark Takahashi, CEO of OneEnergy, said: "OneEnergy is very excited about our partnership with EVN for the Vinh Tan-3 Project. The project's close proximity to Ho Chi Minh City, its natural deep-harbor characteristics and the strong market fundamentals of Vietnam combine to make it an exceptional opportunity."