PM gives approval to Cam Pha 3 thermo-electric power plant

The Prime Minister has approved the investment project to build Cam Pha 3 thermo-electric power plant which is located in Cam Pha town, Quang Ninh province.

According to Decision No 51/QD-TTg, the Prime Minister has assigned the Vietnam Coal and Minerals Industrial Group (TKV) to negotiate directly with China's Wuhan KAIDI holding Investment Co. LTD to carry out the project under a business co-operation contract. KAIDI will be the investor-partner and supply 100% foreign capital to build and operate the plant without guarantee from the government.

The plant is scheduled to become operational in 2012.