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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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28.9 C
Ho Chi Minh City
Sunday, June 1, 2025

Can Tho leases land to EVN to build thermal power plant

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CAN THO – The government of Can Tho City has signed a decision to lease a land lot covering over 104,000 square meters in O Mon District to Vietnam Electricity (EVN) for the construction of the O Mon III thermal power plant.

The land lot was retrieved from Power Generation Corporation 2. It will be leased to EVN until February 24, 2050, according to Can Tho City vice chairman Nguyen Thuc Hien.

The O Mon III thermal power plant, which is located inside the O Mon Power Complex, has a capacity of 750 MW. It requires an estimated investment of VND25 trillion.

Besides the O Mon III, the O Mon Power Complex also comprises the O Mon I and O Mon IV thermal power plants, all of which EVN has invested in.

The O Mon I power plant, with a capacity of 660 MW, has been put into operation, while the O Mon IV power plant project, with a capacity of 1,050 MW, is scheduled to kick off late this year.

For the O Mon II power plant with a capacity of 1,050 MW, a joint venture between Vietnam Trading Engineering Construction JSC and Marubeni Corporation from Japan decided in early February to invest VND30.56 trillion in the project.

The investor received the investment certificate for the O Mon II power plant on January 22, 2021.

By Trung Chanh

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