Sembcorp Industries

Sembcorp Industries: Announced that its 1,200-megawatt power project in central Vietnam has been awarded approved by the Vietnamese government to be included in the country’s national power development plan for the 2011-2020 period with the vision towards 2030 (Power Master Plan VII). The approval symbolizes the endorsement by Vietnam’s govt of Sembcorp’s project. This is the second project that Sembcorp as a Group. The 1,200-megawatt power project is also Sembcorp’s second power project in Vietnam. Sembcorp also owns a 33%-stake in the Phu My 3 power plant, a 746-megawatt gas-fired power plant which began commercial operation in 2004, in Ba Ria-Vung Tau province in southern Vietnam. The Dung Quat Economic Zone, which has a current land area of 10,300 ha, has been earmarked by the Vietnamese government to become a multi-sectorial economic zone and a base for oil refining and petrochemical industries. Key existing investments in the zone include a US$2.7b oil refinery and a US$230m polypropylene plant by PetroVietnam. The zone also provides access to external markets such as Laos, northeastern Thailand and Myanmar with several ports within the zone. Planned expansion of the zone is underway with an eventual land area of over 45,000 hectares expected by 2015.