Hyundai Engineering Bags $9m Contract From Lilama To Construct Coal-Fired Plant

Published: 31-Jul-2009

By: Staff Writer Staff Writer Staff Writer

Korea-based Hyundai Engineering has bagged a contract from the Republic of Korea to build and supply equipment for a thermal power project in the central region.

The contract, worth $9m, to construct the Vung Ang thermal power plant I in Ha Tinh province in central Vietnam was entered with with Vietnam-based machinery erection corporation, Lilama.

Japan-based The Toshiba-Sojitz won the second contract, worth $112m to supply 2-unit turbine and power generating system and supervise the assembly and test-running of the system. Singapore-based The Yokogawa Engineering Asia won $16.6m contract to supply the entire automatic control system and to supervise the assembly and test-running of the system.

The coal-fired Vung Ang 1 plant is expected to have a power generation capacity of 1,200MW. Due to be completed in March 2013, the plant would use 2.9 million metric tons of domestic coal to produce 8 billion kilowatt-hours of electricity a year,

According to a contract entered in April 2009, between Lilama and the plant's investor, state-run Vietnam Oil and Gas group - Lilama - is expected to construct the coal-fired plant plant within 45 months.

Lilama plans to finalise the rest of small-sized contracts in August 2009, so as to put the first turbine into operation due by August 2012. Lilama is the project’s sole contractor entitled to farm out different packages to sub-contractors.