The Quang Tri Province People's Committee and the Thai-based power firm Egat International (Egati) on July 11 signed a memorandum of understanding on the construction of a 1,200 MW thermal power project in the province.
Invested in by Egati, the thermal power plant, the first of its kind in the province, will cost US$2.26 billion and will be built in Hai Lang District.
Under the MoU, the two sides will carry out necessary steps to build the project.
As planned, all work related to land clearance, compensation and financial procedures will be completed, and construction on the project will start in 2018.
The project will have two turbines, with the first turbine scheduled to be put into operation in 2021.
The project initiated under the BOT (Build, Operate, Transfer) plan, will supply more electricity to the locality as well as connect the country's power transmission systems in the central region and in Southeast Asia in the future.
Thana Putarungsi, acting president of Egati, said the company would ensure that the project would use modern machinery and be implemented as scheduled.
Egati is the overseas investment arm of the state-owned Electricity Generating Authority of Thailand (Egat).