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The Government of Vietnam to develop Long Phu 2 Power Project

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Mr. Nguyen Khac Tho, Deputy Director General of Vietnam's General Directorate of Energy signed the MoU with Mr. Anil Sardana, Managing Director of Tata Power which is India’s largest integrated power company in the presence of Dr. Manmohan Singh, Prime Minister of India, Mr. Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam and Mr. Cyrus Mistry, Chairman of the Tata Group

Tata Power, India’s largest integrated power company, announced the signing of MOU with the Ministry of Industry and Trade, Government of Vietnam for developing the Long Phu 2 Power Project in Soc Trang Province of Vietnam. The MOU was signed by Mr. Anil Sardana, CEO & Managing Director, Tata Power, in the esteemed presence of Honourable Dr. Manmohan Singh, Prime Minister of India, Mr. Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam and Mr. Cyrus Mistry, Chairman of the Tata Group.

The Company was awarded the Long Phu 2 Power Project by the Government of Vietnam based on the pre-feasibility studies earlier this year. The MOU has been signed to develop a thermal power plant, which will utilize imported coal. In accordance with the MOU, Tata Power will carry out feasibility studies for developing this power project on build, own and transfer basis. The Long Phu 2 Power Project is Tata Power’s first coal based project outside India.

Speaking on the occasion, Mr. Anil Sardana, CEO & Managing Director - Tata Power stated that “It gives us immense pride to announce our association with The Ministry of Industry and Trade, Government of Vietnam. We look forward to working with them on developing and building the power plant, thus contributing towards trade relations between India and Vietnam. The signing of this MOU is a significant milestone for Tata Power and we endeavour to be a significant player in the international energy market.”

Some of the other international projects under implementation include the following projects. The Company recently signed an agreement with Clean Energy Invest AS (Clean Energy) and IFC InfraVentures(IFC) for developing a 400 MW hydro project in Georgia for sale of power primarily to Turkey. Tata Power is currently implementing a 126 MW Dagachhu Hydro Project in Bhutan. The Company has also successfully achieved financial closure of its 95 MW Tsitsikamma and 134 MW Amakhala Emoyeni Wind Projects in South Africa. Tata Power along with consortium partners Origin Energy and PT Supraco won 240 MW Sorik Marapi Project, a geothermal project in Indonesia.

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