Lilama ordered to ensure ownership ratio of at least 20% in Vung Ang 1 thermo-power plant

On behalf of the government, deputy prime minister Hoang Trung Hai ordered Viet Nam Machinery Installation Corp (Lilama) to re-define the capital mobilization plan based on ensuring ownership ratio of at least 20% of total investment capital for Vung Ang 1 Thermo Power Plant.

Also, Lilama has to submit the re-defined plan to the Ministry of Finance for the approval on providing guaranteed credit.

Work on Vung Ang 1 thermo power plant started on December 23, 2006 in Vung Ang Economic Zone, Ha Tinh Province's Ky Anh Dist. The plant has a designed capacity of 1,200 MW with total investment capital of US$1.25 billion.