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Toshiba, Sojitz win $115 million Vietnam contract   2009-08-02 - Bloomberg

Toshiba Corp., Japan’s largest atomic-reactor maker, and Sojitz Corp. won an 11-billion-yen (US$115 million) contract to supply generators to Vietnam, tapping growing demand in the country.


The Japanese companies will supply the two 600-megawatt steam-turbine generators to a coal-fired power plant owned by Vietnam Machinery Installation Corp., Tokyo-based Toshiba said in an e-mailed statement on Friday. The power station, in the country’s north, will start operations in 2012, it said.

Equipment manufacturers are competing for contracts from Vietnam as the country’s power demand grows along with its economy, which the government has said may expand by 5.5 percent this year. The country plans to more than triple coal-fired power generation to add 30,000 megawatts capacity by 2015, according to Toshiba.

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