JAKS Resources Berhad (JRB) and China Power Engineering Consulting Group Company Limited (CPECC) have decided to set up a JV to develop a 1,200 MW thermal power plant in northern Hai Duong province, Vietnam. The project will have a debt-equity ratio of about 75:25, with JRB subsidiary JAKS Power Holdings investing RM 528.81 million and CPECC investing RM 1.2 billion. The project is being developed on the build-operate-transfer (BOT) model involving a concession period of 25 years. The construction will begin next year while operations are expected to begin in 2020.
