Japanese firm gets nod to build US$2.58-billion thermal power plant

vietnamnet – Japan’s Sumitomo Corporation has gained an investment certificate to develop Van Phong 1 thermal power project worth US$2.58 billion in the central coast province of Khanh Hoa.

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Minister of Industry and Trade Tran Tuan Anh (L) presents a letter approving Van Phong 1 thermal power project to Kuniharu Nakamura, chairman of Sumitomo Corporation, in this file photo dated May, 2017 

Before receiving the investment certificate, Sumitomo signed an investment agreement with the Ministry of Industry and Trade in May 2017. Work will start next year on the 1,320 MW station.

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