MW Hai Duong 2x600 Coal-Fired Power Project

Overview:

• The MW Hai Duong Coal-Fired Power Project is a 25-year BOT 2x600MW project sponsored by Malaysian company Jaks Resources.
• Jaks Resources entered into an agreement with China Power Engineering Consulting Group in July 2015 to jointly develop the plant via a 50/50 joint venture.
• The project is expected to be commissioned in 2020, and construction started on 27 March 2016.
• This is the first project financing to close under Decree No. 51/2015/ND-CP and may set the benchmark for the scope of Ministry of Justice Legal Opinions on future financings. 

Wai Yee Tsang - Journalist Asia-Pacific