South Korea’s Korea Western Power Co. (KOWEPO) plans to construct a 1,200MW coal-fired power plant in the central province of Quang Tri in 2018. Provincial officials said the plant was expected to become operational in 2021.

A Memorandum of Understanding (MoU) on the project signed last month says KOWEPO will invest US$1.85 billion in building the Quang Tri Power Plant No 2, which will be located in the province’s Southeast Economic Zone. KOWEPO will own and operate the power plant for 25 years. It will also carry out construction management and operations and maintenance (O&M) services.

We will establish a growth base in Vi?t Nam and make a full-scale entry into the Indochina power generation market by successfully completing this project,” Jung Young-chul, general manager of the Planning and Management Division of KOWEPO, said in a statement on the company’s website. The Korean firm is also preparing a basic investment prospectus for the project for completing the plant by the end of 2024.