Meeting with Yoshinori Katayama, Senior Vice President of Mitsubishi, an important shareholder of the project, in Hanoi on September 18, Deputy PM Dung asked the stakeholders to speed up negotiations on the project in order to facilitate its implementation, ensuring interests of all related parties.
He underlined the need for all thermoelectric projects to meet both environmental and technological requirements and assured the Vietnamese Government's readiness to offer optimal conditions for investors to apply state-of-the-art technologies and protect the environment.
Sharing the investors’ concerns over factors hindering the operation of the Vung Ang 2 thermo power plant project, Dung assigned the Ministry of Industry and Trade, and Ministry of Finance to team up with the Electricity of Vietnam (EVN) to seek solutions to the pending negotiations.
Yoshinori Katayama thanked the Vietnamese Government’s support for the stakeholders to fast-track the negotiation process, saying the concerned parties have reached a consensus on major issues.
The Vung Ang 2 plant has a total capacity of 1,200 MW, with the first turbine to be put into operation in 2021 while the second will become operational one year later.