Petrovietnam's new power plant to buy Indonesia, Australia coal

[phantom power]

Aug 3 (Reuters) - Petrovietnam has awarded its subsidiary a contract to build a 1,200-megawatt coal-fired thermal power plant in southern Vietnam, which will use coal imported from Indonesia and Australia, a state-run newspaper said on Wednesday.

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The 5,200-megawatt Song Hau Power Complex would have three coal-fired power plants, the report cited a masterplan approved in March 2010 by the Industry and Trade Ministry as saying.

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Coal will take over from hydro power as the leading fuel for new electricity generation in Vietnam, so far a net coal exporter, in the next five years, state utility Vietnam Electricity group has said.

Vietnam will raise its coal export tax to 20 percent next month from 15 percent, as the country moves to save the fossil fuel for domestic consumption while coal production in August would fall from previous months, state-run newspapers reported. (Reporting by Ho Binh Minh; Editing by Ramthan Hussain)

http://www.reuters.com/article/2011/08/03/vietnam-energy-plant-idUSL3E7J30AN20110803