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Tata Power Company Ltd Signs MOU With Government Of Vietnam To Develop Long Phu 2 Power Project

Friday, 22 Nov 2013 06:15am EST 

Tata Power Company Ltd announced that the Company announced the signing of a Memorandum of Understanding (MOU) with the Ministry of Industry and Trade; Government of Vietnam for developing the Long Phu 2 Power Project in Soc Trang Province of Vietnam. The MoU was signed by Anil Sardana, CEO & Managing Director, Tata Power, in the esteemed presence of Honourable Manmohan Singh, Prime Minister of India, Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam and Cyrus Mistry, Chairman of the Tata Group. The Company was awarded the Long Phu 2 Power Project by the Government of Vietnam based on the pre-feasibility studies earlier this year. The MoU has been signed to develop a thermal power plant, which will utilize imported coal. In accordance with the MoU, Tata Power will carry out feasibility studies for developing this power project on build, own and transfer basis. The Long Phu 2 Power Project is Tata Powers first coal based project outside India.