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.
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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.
