Vietnam: PV Power to embark on thermal power plants

Vietnam: PV Power to embark on thermal power plants

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.

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Link to Original Article:
http://en.vietnamplus.vn/pv-power-to-embark-on-thermal-power-plants/113553.v
np

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com