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.
Hanoi (VNA) – The PetroVietnam PowerCorporation (PV Power) has approved an investment plan to build Nhon Trach 3and 4 thermal power plants with combined capacity of between 1,300-1,760 MW.
The plants will be constructed in the southernprovince 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 authorisationwith its foreign partners – Citibank and Ingbank – to arrange capital for theproject.
The company also inked a contract with the PetroVietnamGas 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 tocommence in the second quarter of 2021./.
PetroVietnam Power Corporation (PV Power) reported revenue of nearly 7.8 trillion VND (334.7 million USD) in the first quarter of this year, more than 23 percent of the annual goal.
PetroVietnam Power Corporation (PV Power) has supplied 200 billion kWh to the national grid since it started operations 13 years ago, confirming its position as the top power supplier in the country.
The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has completed plans for the construction of four liquefied natural gas (LNG)-fired power plants.
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Illustrative image (Source: VNA) 
