Power pact: (from left) Goh, JAKS CEO Ang Lam Poah and CPECC assistant to president/director of international department Xue Danfeng at the JV signing ceremony.
KUALA LUMPUR: Pipe-maker JAKS Resources Bhd
will partner China Power Engineering Consulting Group Co Ltd (CPECC) in a 50:50 joint venture (JV) to build a power plant in Hai Duong province in Vietnam for US$1.87bil (RM7.05bil).
The project, which will be facilitated via JAKS unit – JAKS Power Holding Ltd – will see the JV company (JV co) called JAKS Hai Duong Power Company Ltd constructing two 600MW power-generation units that will begin construction in the first half of next year, with completion planned for 2020.
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