JAKS eyes IRR of 12% for RM7bil Vietnam plant

HANOI, Vietnam: JAKS Resources Bhd is eyeing an internal rate of return of 12% for its Vietnam US$1.87bil (RM7.52bil) coal-fired thermal power plant project independent power plant (IPP) project.

The company’s chief executive officer Andy Ang said after a ground breaking ceremony of the IPP here on Sunday that he was happy with the returns of the effort that had been put in over the years to bring this project to fruition.