AES Mong Duong Power Company Limited

AES Mong Duong Power Company Limited (the “BOT Company”), formerly the AES-VCM Mong Duong Power Company Limited, owner of Mong Duong 2 BOT Power Project, is a limited liability company formed by the affiliates of The AES Corporation (USA), Posco Energy (Korea) and China Investment Corporation (China).

Since 17th April 2020, the Company’s name was officially changed from AES-VCM Mong Duong Power Company Limited to AES Mong Duong Power Company Limited.

Mong Duong 2 BOT Power Project

• Location:                Mong Duong ward, Cam Pha City, Quang Ninh province, Vietnam

• Net Capacity:         1120 MW with 2 units of 560 MW each

• Fuel:                         domestic coal

• Investment Capital:   approximately USD 2.1 billion

• Investment type:   100% foreign investment under the Build – Operate – Transfer (BOT) scheme.
The Plant will be transferred to Government of Vietnam after 25 years of operation

• Commercial Operation Date: April 2015

• Contractors:

+ Installation, Erection & Commissioning: Doosan Heavy Industries Vietnam Co. Ltd.

+ Equipment Supply: Doosan Heavy Industries and Construction

+ Engineering: Doosan Power Systems India Pvt. Ltd.

• Actual peak manpower during construction: approximately 7,500

• Estimated number of employees during operation phase: approximately 200, mostly local Vietnamese

We are dedicated to improving lives and making a lasting difference in the communities in which our businesses operate. We are committed to a wide range of social, economic and environmental initiatives that will improve the lives of our customers and their communities; protect the environments in which we operate; empower our people and businesses; and improve long-term returns to our investors.

Our Mission
Improving lives by accelerating a safer and greener energy future.

Our Vision
Our vision is to be a leading sustainable power company in Vietnam that safely provides reliable, affordable energy. We do this by leveraging our unique electricity platforms and the knowledge of our people to provide the energy and infrastructure solutions our customers truly need. Our people share a passion to help meet the world’s current and increasing energy needs, while providing communities and countries the opportunity for economic growth due to the availability of reliable, affordable electric power.

Our Values
Our values are at the heart of our operations and we believe these values set us apart from others in our industry. Every day, our people and businesses around the world are guided by the following core values:

Safety First
Safety is at the core of everything we do.
We always identify potential risks to our people, contractors, customers, communities, and partners, and measure success by how safely we conduct our work together while contributing to a greener energy future.

Highest Standards
We act with utmost integrity towards our people, customers, partners, and communities, and hold the solutions we deliver together to global standards of excellence.

All Together
We work as one team across our business and with our customers, partners and communities.
We meet changing customer needs with agility and have fun solving meaningful challenges as a
team.