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Chinese firm builds $2.4 billion power project in central Vietnam

A joint venture between China's Huadian Group and Vietnam's Minh Quang Technology has proposed the development of a hydrogen production plant in combination with a 1,200 MW wind farm and an 800 MW solar farm in the central province of Quang Tri, with a total investment of nearly $2.4 billion.

Investors will research the possibility of developing a plant to produce hydrogen through water electrolysis, along with storage sites, transportation, shared facilities, and related auxiliary systems. Other developments include a 1, 200 MW wind farm and an 800 MW solar power plant. The project will cost about $2.39 billion.

Once put into operation, the plant will have an annual output of 60, 000 tonnes of hydrogen and earn a revenue of $250 million, contributing $27.5 million to the state budget and creating jobs for 500 workers.

Huadian Group is one of the five largest state-owned power generation enterprises in China. It engages in the generation and supply of electricity and heat, as well as the development of power-related primary energy.

In Vietnam, Huadian Group, through its affiliate, China Huadian Engineering Co., Ltd., has invested in and managed the Duyen Hai 2 Thermal Power Plant project with a capacity of 1,320 MW and the Dak Lak wind power project with a capacity of 200 MW.

The group also expressed its wish to expand its partnership with Vietnam Electricity (EVN) to develop the green energy market amid the global energy shift.



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