The authors of this report question the the decision of a financially troubled Malaysian ink company to invest in a coal-fired power plant in Vietnam. The US$3 billion coal-fired power project is Song Hau 2, sponsored by Malaysia’s Toyo Ink Group, wholly-owned by public-listed company Toyo Ventures Holdings. The 2.1 gigawatts coal power project is being delivered under a build-operate-transfer arrangement and is planned to be adjacent to the Song Hau 1 power plant, already in operation, in the south of Vietnam.
