Deputy Prime Minister Vuong Dinh Hue’s urging AES Corporation to implement the Son My 2 gas-fired thermal power project shows Vietnam’s wish to increase investment in gas-fired thermal power plants. David Stone, president of AES Vietnam, and Deputy Prime Minister Vuong Dinh Hue At the meeting with Deputy PM Hue on May 17, chairman of AES Vietnam David Stone stated that the firm is carrying out research for its investment in the Son My 2 BOT gas-fired thermal power project. The project consists of three power plants using liquefied natural gas, with the designed capacity of 750MW each. Built at the Son My industry-services-gas complex in the central coastal province of Binh Thuan, the facilities are set to become operational in 2023, 2024, and 2025, respectively. In the framework of the meeting, Stone also mentioned AES’s co-operation with PetroVietnam Gas JSC (PV Gas) to implement the Son My liquefied natural gas (LNG) terminal project in the central … [Read more...] about Deputy PM urges AES Corporation to develop Son My 2 thermal power project
National thermal power corporation
PV Power to take over Nhon Trach 3 and 4 thermal power plants
PetroVietnam Power Corporation (PV Power), Vietnam’s second largest electricity producer, will replace PetroVietnam as the investor of Nhon Trach 3 and 4 thermal power plants located in Ong Keo Industrial Zone (IZ) in the southern province of Dong Nai. PV Power to take over Nhon Trach 3 and 4 thermal power plants The prime minister recently approved the proposal of PV Power to take over these two projects from PetroVietnam after collecting the opinions of ministries and relevant authorities. Previously, in February 2017, the prime minister agreed to add the Nhon Trach 3 and 4 projects to the National Power Development Master Plan VII and assign PetroVietnam as the investor of the projects. According to the plan, the two thermal power plants will cover an area of 34 hectares and have a total investment capital of VND33.3 trillion ($1.46 billion), with the production capacity of 750-800MW each. PV Power will use VND9.99 trillion ($438.29 million) of its equity and … [Read more...] about PV Power to take over Nhon Trach 3 and 4 thermal power plants
Vinacomin and EVN protest Geleximco-HUI’s thermal power plants proposal
State-run Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) and Electricity of Vietnam (EVN) protested against Geleximco’s proposal to co-operate with Chinese partners to develop billion-dollar thermal power plants. Quang Trach 2 thermal power plant The Ministry of Industry and Trade (MoIT) has issued a document to collect opinions from authorities about the proposal of Hanoi General Export Import JSC (Gelexim) to establish Geleximco-HUI, a joint venture between Geleximco and Hong Kong United Co., Ltd. (HUI), to hand over the $2 billion thermal power plants namely Quynh Lap 1 and Quang Trach 2 from Vinacomin and EVN, respectively. The two projects will be developed under the public-private partnership (PPP) form. Notably, Geleximco proposed permitting the joint venture to hold a 75 per cent stake in Quynh Lap 1, leaving the remaining 25 per cent with the existing investor. Meanwhile, the joint venture is looking to acquire the entire 100 per … [Read more...] about Vinacomin and EVN protest Geleximco-HUI’s thermal power plants proposal
Vinacomin and EVN protest Geleximco’s thermal power plants proposal
State-run Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) and Electricity of Vietnam (EVN) protested against Geleximco’s proposal to co-operate with Chinese partners to develop billion-dollar thermal power plants. Quang Trach 2 thermal power plant The Ministry of Industry and Trade (MoIT) has issued a document to collect opinions from authorities about the proposal of Hanoi General Export Import JSC (Gelexim) to establish Geleximco-HUI, a joint venture between Geleximco and Hong Kong United Co., Ltd. (HUI), to hand over the $2 billion thermal power plants namely Quynh Lap 1 and Quang Trach 2 from Vinacomin and EVN, respectively. The two projects will be developed under the public-private partnership (PPP) form. Notably, Geleximco proposed permitting the joint venture to hold a 75 per cent stake in Quynh Lap 1, leaving the remaining 25 per cent with the existing investor. Meanwhile, the joint venture is looking to acquire the … [Read more...] about Vinacomin and EVN protest Geleximco’s thermal power plants proposal
Fire at Duyen Hai 3 thermal power extension project
Investigators are searching for the cause of a fire at the construction site of the $1.82-billion Duyen Hai 3 thermal power plant extension project in the southern province of Tra Vinh that took place at 10:30 AM of March 7, 2018. Fire-fighters try to control the fire at Duyen Hai 3 coal-fired thermal power station expansion project Firefighters were sent to the site five minutes after the incident started. The fire was brought under control by 12.45pm. There are no reports of casualties. The Duyen Hai 3 thermal power plant extension project at Duyen Hai thermal power complex located in Dan Thanh commune, Duyen Hai district, includes a 600 megawatts power unit. The unit was scheduled to start operation in 2018, supplying approximately 3.9 billion kWh to southern provinces and cities. In 2014, Sumitomo Corporation received an engineering, procurement and construction (EPC) contract to construct a supercritical power station in the 688MW Duyen Hai 3 coal-fired thermal … [Read more...] about Fire at Duyen Hai 3 thermal power extension project