-- Mitsubishi (TYO:8058) has commenced full operations at a new coal-fired power plant in Vietnam, which will source coal from neighbouring countries such as Indonesia and Australia, Nikkei Asia reported Tuesday, citing officials.
This initiative helps Vietnam reduce its reliance on energy imports from the Middle East while ensuring a stable electricity supply amid rapid economic expansion, the publication said.
At the opening ceremony for the Vung Ang II plant on Saturday, Vietnamese Deputy Minister Nguyen Hoang Long said the project's importance for national energy security and economic growth, the news daily said.
Mitsubishi's Tetsu Funayama highlighted the value of Asia's self-contained energy security, the report said.
Under 25-year agreements, the Vung Ang II facility will obtain between 3.6 million and 4 million metric tonnes of coal each year from Indonesia and Australia to support its operations, it added.
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