PetroVietnam Power Corporation approves plan to build two new Nhơn Trạch thermal power plants
PetroVietnam Power Corporation (PV Power) has approved an investment plan to build Nhơn Trạch 3 and 4 thermal power plants with combined capacity of between 1,300-1,760 MW.
The plants will be constructed in the southern province of Đồng Nai with an estimated investment of over VNĐ32.48 trillion (US$1.4 billion).
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 sell 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.