AES-VCM Mong Duong Power Co. Ltd. is the project owner of Mong Duong 2 BOT coal-fired Power Plant, located at Mong Duong ward, Cam Pha City, Quang Ninh Province with a total investment of approximately USD 2 billion and is based on a Build-Operate-Transfer (“BOT”) scheme. This is the first and largest coal-fired BOT project using pulverized coal fired boiler technology in Vietnam. The Project is expected to generate up to 7.6 billion kilowatt hours of electricity annually and will be transferred to Vietnamese Government after 25 years. In April 2015, both units of the Power Facility with total capacity of 1,242MW entered commercial operations which is over six months earlier than the committed schedule with the Vietnamese Government. Since the date of synchronization, both units have contributed more than 4 billion kWh of electricity to the national grid. During the construction period nearly 46.2 million man-hours were worked with a peak workforce of approximately 7,500 people with the majority Vietnamese.