The AES Corporation (NYSE: AES) is a global power company that owns and operates diverse portfolio of distribution businesses as well as thermal and renewable generation facilities which provide safe, reliable and affordable energy to customers in 17 countries. AES is also recognized as the global leader in the integrated Battery Energy Storage Solution (BESS) which addresses a myriad of power grid challenges by embedding BESS as a critical part of the power sector infrastructure.
The Mong Duong 2 BOT Power Plant is Vietnam’s first and largest Build Operate Transfer (BOT) coal fired power plant in Vietnam with 100% foreign direct investment totaling approximately US$1.95 billion. Since April 2015, both units of the Power Facility with total capacity of 1,242MW have entered commercial operations. The plant is expected to add significantly to the national power grid with more than 7.6 billion kWh of electricity annually. The plant was built under a BOT agreement and will be transferred to Vietnamese Government after 25 years.
David Stone, AES – VCM – Managing Director and AES Corporation – Vietnam Country Manager
Le My Hanh, Stakeholders Manager
Luu Ngoc Anh, General Counsel & Compliance Officer