Sembcorp Industries may build Vietnam power plant

News - Sembcorp Utilities, a wholly-owned subsidiary of Sembcorp Industries, has signed an agreement to explore the feasibility of developing a 1,200 megawatt coal-fired power plant in Vietnam.

The memorandum of understanding was signed with the People's Committee of Quang Ngai Province on Thursday.

Sembcorp said the proposed development could be located in Dung Quat Economic Zone, located in central Quang Ngai.

Ng Meng Poh, Sembcorp's Head of Singapore and ASEAN (Utilities) said the Dung Quat Economic Zone's rapid development has supported "tremendous" economic growth in Quang Ngai.

"It has been earmarked by the Vietnamese government to become a multi-sectorial economic zone and a base for oil refining and petrochemical industries. As such, Sembcorp certainly sees opportunities to invest and further establish our utilities presence in this fast growing region," he said.

This is the second agreement Sembcorp has signed with Quang Ngai PC in the past six months.