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Revenue from Hongsa power plant set to spur development

The government will receive over US$2.3 billion in taxes from the Hongsa Power Company Limited under the 25 year concession agreement running from 2016-2041 for the newly built Hongsa Mine Mouth Power Plant. This revenue will be a huge boost to socio-economic development, especially infrastructure development, and will enable the expansion of trade, services and investment.

This revenue will be a huge boost to socio-economic development, especially infrastructure development, and will enable the expansion of trade, services and investment.

By Vietstock

Hanoi, Vietnam, January 11, 2016

Vietstock

The government will receive over US$2.3 billion in taxes from the Hongsa Power Company Limited under the 25 year concession agreement running from 2016-2041 for the newly built Hongsa Mine Mouth Power Plant. This revenue will be a huge boost to socio-economic development, especially infrastructure development, and will enable the expansion of trade, services and investment.

This revenue will be a huge boost to socio-economic development, especially infrastructure development, and will enable the expansion of trade, services and investment.

The Hongsa Mine Mouth Power Project in Hongsa district, Xayaboury province, is the biggest thermal power plant in the country. The investment cost totals US$3.7 billion and the plant has a total installed capacity of 1,878 MW.

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