A Chinese consortium comprising Hanoi General Export Import ( Geleximco ) and Hong Kong United ( sic ) could take over the $ 2.1bn development of the Quynh ##ua 1 and dong Trach 2 thermal power plants in Vietnam 's Nghe An province . The Ministry of Industry and Trade is considering the proposal after state - run China National Coal and Mineral Industries hit delays when it failed to mobilise financing for the project . A Geleximco - HUI project would comprise 90 % of the plant 's development financed by Chinese banks . The proposal faces strong objections it would carry interest rates of between 10.86 % and 11.77 % .
A Chinese consortium comprising Hanoi General Export Import (Geleximco) and Hong Kong United (HUI) could take over the $2.1bn development of the Quynh Lap 1 and Quang Trach 2 thermal power plants in Vietnam's Nghe An province. The Ministry of Industry and Trade is considering the proposal after state-run Vietnam National Coal and Mineral Industries hit delays when it failed to mobilise financing for the project. A Geleximco-HUI project would see 80% of the plant's development financed by Chinese banks. The proposal faces strong objections it would carry interest rates of between 10.86% and 11.77%.