Singapore industrial conglomerate Sembcorp
Industries said on Monday it has obtained approval to proceed with a $337.82
million industrial park and 1,200-megawatt power plant in Vietnam.
A
Vietnamese-Singapore joint venture involving Sembcorp will develop the
industrial park in Quang Ngai Province in central Vietnam, Sembcorp said in a
statement.
The
Vietnam-Singapore Industrial Park Quang Ngai will comprise a 600-hectare
industrial park as well as a 520-hectare site zoned for commercial and
residential development. The park will be the Sembcorp-led consortium's fifth
in the country.
The
Singapore firm also said its unit Sembcorp Utilities was granted in-principle
approval to develop the 1,200-megawatt power plant in Dung Quat Economic Zone
in Quang Ngai.
Sembcorp
is currently assessing the feasibility of this project, it said.
Sembcorp
businesses include oil rig building and ship repair, which come under listed
Sembcorp Marine, as well as industrial parks, water and power generation.
Reuters
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