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JAKS clears hurdle for Vietnam power plant
by hlk Mon 04 Jul 2011, 19:38
KUALA LUMPUR: JAKS Resources Bhd has unit has received the investment certificate from the Vietnamese government for its proposed 1,200MW coal-fired power plant in the province of Hai Duong.
It said on Monday, July 4 that its unit JAKS Pacific Power Ltd (JPPL) had received the certificate from the Ministry of Planning and Investment of Vietnam on June 30.
“Following the issuance of the investment certificate, JPPL will incorporate a project company in Vietnam with the registration name of JAKS Hai Duong Power Company Ltd to facilitate the signing of the project documents,” it said.
The documents include the build-operate-transfer (BOT) contract with the Ministry of Industry and Trade of Vietnam and the power purchase agreement with Vietnam Electricity.
Other documents include the coal supply agreement with Vietnam National Coal-Mineral Industries Group and the land lease agreement with the Department of Natural Resources and Environment of Hai Duong People’s Committee.
“The board is currently reviewing various investments and funding options, including identifying strategic investors and other suitable parties to undertake the project,” it said.
It said on Monday, July 4 that its unit JAKS Pacific Power Ltd (JPPL) had received the certificate from the Ministry of Planning and Investment of Vietnam on June 30.
“Following the issuance of the investment certificate, JPPL will incorporate a project company in Vietnam with the registration name of JAKS Hai Duong Power Company Ltd to facilitate the signing of the project documents,” it said.
The documents include the build-operate-transfer (BOT) contract with the Ministry of Industry and Trade of Vietnam and the power purchase agreement with Vietnam Electricity.
Other documents include the coal supply agreement with Vietnam National Coal-Mineral Industries Group and the land lease agreement with the Department of Natural Resources and Environment of Hai Duong People’s Committee.
“The board is currently reviewing various investments and funding options, including identifying strategic investors and other suitable parties to undertake the project,” it said.
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