Chinese company powers growth in South Vietnam
The coal-fired power plant constructed by Chinese companies in Vietnam is expected to generate as much as 9 billion kilowatt hours of electricity annually by 2019 to help solve the power shortages in southern areas of the country.
The contract for China's biggest investment project in Vietnam, the Vinh Tan 1 Power Plant, was signed in 2015 by China Energy Engineering Group Guangdong Electric Power Design Institute Co Ltd (GEDI), a company focusing on infrastructure construction and energy and power planning. GEDI is based in Guangzhou Development District in the capital of South China's Guangdong province.
"The energy production of Vietnam could barely meet local demand," said Luo Bixiong, president of GEDI. "The project aims to improve Vietnam's power supply and make contributions to the country's economic development."