PV Power approves plan to build Nhon Trach thermal power plants

Monday, Jun 15, 2020 15:02

Nhơn Trạch 2 thermal power plant in Đồng Nai Province. The two new plants will have an estimated investment capital of over VNĐ32.48 trillion (US$1.4 billion). — Photo pvpower.vn

PetroVietnam Power Corporation (PV Power) has approved an investment plan to build Nhon Trach 3 and 4 thermal power plants with combined capacity of between 1,300-1,760 MW.

The plants will be constructed in the southern province of Dong Nai with an estimated investment of over VND32.48 trillion (US$1.4 billion).

In February 2020, PV Power signed a letter of authorisation with its foreign partners – Citibank and Ingbank – to arrange capital for the project.

The company also inked a contract with the PetroVietnam Gas Joint Stock Corporation (PV Gas) to provide and sell liquefied natural gas (LNG) for the project in mid-2019.

The construction of the plants is scheduled to commence in the second quarter of 2021. — VNS

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