AES-VCM invests in health care programs that support the communities

Mr. David Stone, AES-VCM Managing Director said one of the core operation principles of our company is to maximize the economic and social benefits associated with the development of Mong Duong 2 BOT Power Plant.

The total value of this health care program is more than VND400 million where more than 400 local people of Mong Duong ward, Cong Hoa and Cam Hai communes received an intensive training on first aid skills and provided with a family first aid kits. As Mr. Kevin Pierce, the Mong Duong 2 Power Plant Manager emphasized in one of the events that value of the program is not limited to what we provided at the training but it goes further as people take the skill and knowledge home to share with their family, friends and neighbors to raise the awareness of community health care.

Since the construction of Mong Duong 2 Power Plant in late 2010, AES-VCM has continuously brought in opportunities to local communities by providing employment, creating a demand for services and materials which helps the local economy, and improves resident’s quality of life via several community development initiatives that focus on Health, Education, Economic Development and Environment. Around VND7 billion was invested in improving quality of life by building sustainable local capacity with a strategic focus on the project area of Mong Duong ward, Cong Hoa and Cam Hai communes of Cam Pha city (Quang Ninh Province) with over 20,000 local resident.

AES-VCM Mong Duong Power Co. Ltd is formed by three investors in which AES Corporation (USA) is the biggest investor with 51%, Posco Energy Corporation from Korea (30%) and China Investment Corporation from China (19%) of the total investment of approximately USD 2 billion in the Mong Duong 2 BOT Power Plant. This is the first and largest coal-fired power project based on Build-Operate-Transfer (“BOT”) scheme using pulverized coal fired boiler technology in Vietnam. The Project is expected to generate up to 7.6 billion kilowatt hours of electricity annually and will be transferred to Vietnamese Government after 25 years.

Since April of 2015, both units of the Power Facility with total capacity of 1,242MW have entered commercial operations which is over six months earlier than the committed schedule with the Vietnamese Government. The Plant has contributed more than 4.2 billion kWh of electricity to the national grid in 2016.

Doan Duyen