The Vietnam Oil and Gas Group (PetroVietnam) and the Electricity of Vietnam (EVN) Group have finally clinched deals for products from the three gas-fuelled power plants in the south, ending prolonged negotiations.
Under the deals signed in Hanoi on late December 29, the EVN will pay the PVN some US$630 million annually for over 11.5 billion kWh of electricity generated by the 450MW Nhon Trach 1 and the Ca Mau 1 and 2 with a combined capacity of 1,500 MW.
The deal regarding Ca Mau plants 1 and 2 was initially reached by the two giants in January 2008. However, it took years to make some adjustments for a final agreement for lack of a contract regarding the PVN’s responsibility for operation and maintenance.
The deal regarding Ca Mau plants 1 and 2 was initially reached by the two giants in January 2008. However, it took years to make some adjustments for a final agreement for lack of a contract regarding the PVN’s responsibility for operation and maintenance.
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