June 15, 2020 | 16:43 (GMT+7)
PV Power approves plan to build Nhon Trach thermal power plants
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.
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Nhon Trach thermal power plant 2 |
The plants will be constructed in the southern province of Dong Nai with an estimated investment of over 32.48 trillion VND (1.39 billion USD).
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 sold 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.
Source: VNA