MOIT urged to speed up BOT power projects

Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Industry and Trade (MOIT) to thoroughly review the implementation of build-operate-transfer (BOT) power projects in order to speed up tasks to meet the current demand for socio-economic development.

Phu My thermal power plant (Credit: EVNEIC)

Deputy PM Hai made the statement during an April 13 meeting with relevant agencies to review and seek measures to boost BOT power projects.

Negotiations for projects, which are in the preparatory period, should be sped up to fulfill the set targets for 2015 while Nghi Son 2, Nam Dinh, Hai Duong and Vinh Tan 1 projects should move into new phases, the official said.

He asked relevant agencies to continue building and improving documents to create an appropriate legal framework and favourable conditions for the projects’ realisation.

The country currently has 20 large-scale BOT thermal power projects with a total capacity of 24,000 MW, in which Phu My 2.2 and Phu My 3 thermal power plants and the first generator of Mong Duong 2 thermal power plant were being operated.

Hai Duong and Vinh Tan 1 projects are in financial preparations while Nghi Son 2 project has completed the bidding process, and others are in negotiations and preparing documents.

The implementation of the projects is facing difficulties in guaranteeing currency conversion, law application to resolve disputes, and payment.

(Source: nhandan.org.vn)