Vinacomin to spend VND32 trillion on major projects in 2014

In 2014, the Vietnam National Coal Mineral Industries Group (Vinacomin) will invest VND32.3 trillion in basic construction for major projects in the fields of coal exploitation, mineral, power, industrial explosive materials and building materials.

The investment capital which sees a 1.5 fold increase over the previous year, involves nearly VND24 trillion from commercial lending capital, VND2.3 trillion from asset depreciation, VND5.2 trillion from investment and development fund and VND800 billion from other welfare sources and mobilization.

The capital will be used to increase the capacity of mines, renovate coal exploitation technology and execute the work of infrastructure of mines and pits, such as Nui Beo, Khe Cham II-IV, Mao Khe-150, Khe Cham III-300, Ha Lam-300, Nam Mau, Mong Duong, Thong Nhat and Khe Cham II.

For electricity, the group will spend the capital putting Nong Son thermo-electricity plant into commercial operation, boosting the progress of Dong Nai 5 hydroelectricity project and getting ready to invest in Cam Pha 3 and Na Duong 2 power projects./.



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