Tata awarded $1.8b Vietnam contract
Mumbai-based Tata Power Co. Ltd has won a $1.8 billion contract to develop two coal-fired thermal power plants in south Vietnam against competition from South Korean and Russian companies, the company announced in a statement on June 7.
The construction of the plants is expected to start in 2019. Long Phu 2 will be one of three plants at the Long Phu thermo-electricity center planned by the Vietnamese government through 2025, with the first plant — Long Phu 1 — being built by state-run PetroVietnam, scheduled to start commercial operations in 2015.
Tata Power is part of the Tata Group, an Indian multinational, family-owned conglomerate which encompasses seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. It has operations in more than 80 countries across six continents.
Tata Power is currently implementing the 126-megawatt Dagachhu Hydro Project in Bhutan and the 134-megawatt Amakhala Emoyeni wind farm in South Africa.
At the end of May 2013, Tata’s automotive arm Tata Motor has launched its mini car Tata Nano in Myanmar.Vietnam, which expanded 4.89 per cent in the first quarter of 2013, is looking to develop its natural resources to meet raising energy demands associated with the country’s industralisation, economic growth and export-market expansion.
According to research published by the US-based Energy Information Association, nearly one-quarter of Vietnam’s domestic energy consumption comes from oil, with hydropower (10 per cent), coal (20 per cent) and natural gas (11 per cent) supplying the remainder.
Mumbai-based Tata Power Co. Ltd has won a $1.8 billion contract to develop two coal-fired thermal power plants in south Vietnam against competition from South Korean and Russian companies, the company announced in a statement on June 7. The Long Phu 2 project is being billed as the largest Indian investment in Vietnam and is expected to deliver 1,200 megawatts annually when completed. The construction of the plants is expected to start in 2019. Long Phu 2 will be one of three plants at the Long Phu thermo-electricity center planned by the Vietnamese government through 2025, with the first plant...
Mumbai-based Tata Power Co. Ltd has won a $1.8 billion contract to develop two coal-fired thermal power plants in south Vietnam against competition from South Korean and Russian companies, the company announced in a statement on June 7.
The construction of the plants is expected to start in 2019. Long Phu 2 will be one of three plants at the Long Phu thermo-electricity center planned by the Vietnamese government through 2025, with the first plant — Long Phu 1 — being built by state-run PetroVietnam, scheduled to start commercial operations in 2015.
Tata Power is part of the Tata Group, an Indian multinational, family-owned conglomerate which encompasses seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. It has operations in more than 80 countries across six continents.
Tata Power is currently implementing the 126-megawatt Dagachhu Hydro Project in Bhutan and the 134-megawatt Amakhala Emoyeni wind farm in South Africa.
At the end of May 2013, Tata’s automotive arm Tata Motor has launched its mini car Tata Nano in Myanmar.Vietnam, which expanded 4.89 per cent in the first quarter of 2013, is looking to develop its natural resources to meet raising energy demands associated with the country’s industralisation, economic growth and export-market expansion.
According to research published by the US-based Energy Information Association, nearly one-quarter of Vietnam’s domestic energy consumption comes from oil, with hydropower (10 per cent), coal (20 per cent) and natural gas (11 per cent) supplying the remainder.
