Petrovietnam units sign $1.2 bln coal-power plant deals

State-run Petrovietnam has awarded two contracts worth a combined $1.2 billion to two subsidiaries to build a 1,200-megawatt, coal-fired power plant, which will boost its thermal coal imports from Indonesia and Australia, the government said.

Vietnam has also licensed Malaysia’s Jaks Resources Berhad to invest $2.25 billion to build a coal-fired power plant in northern Vietnam, using