The signing was a follow-up to the Memorandum of Understanding (MoU) signed between Toyo Ink and PECC2 in 2009.

Located at the Song Hau Power Centre in Chau Thanh district of southern Hau Giang province, the plant will have an annual design capacity of 2,000 MW, once put into operation by 2018.

Toyo Ink, a Malaysia-based multi-sectoral group, has paid special attention to Vietnam’s electricity sector and was permitted to invest in the Song Hau 2 Thermal-Power Plant project by the Vietnamese Government.

PECC2, Power Engineering and Consulting Joint Stock Company 2, is one of the leading energy industry consultancy companies in Vietnam, specialising in providing consultancy services and design surveys for hydroelectric and thermal-power projects.

In the next decade, the electricity sector will build 95 power plants, with a total capacity of 50,000 MW and at an estimated cost of US$39.58 billion.