The successful conversion of coal projects to liquefied natural gas (LNG) is necessary to ensure energy security and help Việt Nam achieve its goal of net-zero emissions by 2050, said industry experts and insiders.
The outlook of coal-fired power and renewable energy groups in 2022 is positive, especially coal-fired power plants in the north as they may benefit from water shortages in the coming months.
PetroVietnam Power Corporation has withdrawn from a consortium that is set to tender for the first phase of the Ca Na liquefied natural gas-fired power plant in Ninh Thuan Province.
Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Viet Nam, in part due to country’s growing demand for electricity.
PetroVietnam Power Corporation (PV Power) is preparing to implement the construction of nine gas-fired power plants with total output of 5,250 MW, PV Power general director Nguyen Xuan Hoa said.