PV Power to embark on thermal power plants
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PV Power to embark on thermal power plants

Economy, Vietnam, Vietnam Finance News
PetroVietnam staff work on oil field (Source: VNA)

Hanoi (VNA) – The PetroVietnam Power Corporation
(PV Power) is embarking on the construction of nine thermal power plants under
the adjusted Power Development Plan VII.

PV Power General Director Nguyen Xuan Hoa said the plants
have a total capacity of 5,250MW, using domestic and imported gas.

They include Kien Giang 1, Kien Giang 2, Nhon Trach 3, Nhon
Trach 4, Mien Trung 1, Mien Trung 2, Son My 2.1, Son My 2.2, Son My 2.3 plants.

Hoa said PetroVietnam is seeking Prime Minister’s permission
to allow PV Power to invest in Nhon Trach 3 and Nhon Trach 4 plants while
others are still invested by PetroVietnam.

Currently, PV Power is devising a plan to provide funding
for Nhon Trach 3 and Nhon Trach 4 with a total investment of around 1.4 billion
USD, 20 percent of which will be sourced from the upcoming equitisation of Hua
Na, Dakdring and Nhon Trach 1 plants.

The PetroVietnam has assigned the PetroVietnam Gas
Corporation (PV Gas) to negotiate gas import deals.

Electricity demand in the south is forecast to grow 11
percent this year.-VNA


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