TOKYO -- Japanese utility Tokyo Gas and trading house Marubeni will build a liquefied natural gas-fired power plant in Vietnam, betting on the emerging economy's growing appetite for an energy source cleaner than coal.
The Japanese companies have signed a memorandum of understanding with Petrovietnam Power -- a member of state-run Vietnam Oil and Gas Group, known as Petrovietnam --and a local construction company for the project with an estimated total investment of 200 billion yen ($1.93 billion).
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