The nation is relying more on coal power this year due to water shortages at hydro-electric dams across, leading to a 10-15 per cent increase in goal demand.
The 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.
Viet Nam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.
Citibank and INGbank will be in charge of arranging capital for the Nhon Trach 3 and 4 thermal power plants, according to a recent agreement signed between PetroVietnam Power Corporation (PV Power) and the two foreign banks.
Viet Nam imported about 23 million tonnes of coal between the beginning of the year and July 15 worth US$2.17 billion, according to the General Department of Customs.
Vietnam National Oil and Gas Group, or PetroVietnam, has proposed to add the construction of the Nhon Trach 3 and 4 thermal power plants to plans for national electricity development.
Deputy Prime Minister Trinh Dinh Dung has ordered agencies to
quickly complete the thermal power plants being built in the Mekong
Delta to meet increasing power demand in the southern region.