Foreign banks to arrange funds for LNG-fired power plants
PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.
At 750-MWNhon Trach 2 thermal power plant invested by PetroVietnam Power Corporation (PV Power). (Photo: VNA)
Hanoi (VNA) –PetroVietnam Power Corporation (PV Power) has said that a consortium ofCitibank and Ingbank will arrange funds for the construction of its gas-firedpower plants Nhon Trach 3 and 4 in the southern province of Dong Nai.
Equipped with the mixed-flowgas turbine technology, the two thermal power plants will be the first inVietnam using imported liquefied natural gas (LNG).
They have a combined capacity of 1,500 megawatts and are being builtat Ong Ke Industrial Park, Dong Nai’s Nhon Trach district. The plants areprojected to help tackle power shortage in the southern region.
PV Power ismaking every effort to start the work on the power plant chain in early 2021.
PetroVietnam’s Nhon Trach 2 plant began commercialoperation in 2011 with the capacity of 750 MW and productivity of 5.5 billionkWh per year. The 450KW NhonTrach 1 plant, whichbegan operation in 2008, generates 2.5 billion kWh per year./.
The Nhon Trach 2 thermal power plant in the southern province of Dong Nai has generated 35 billion kWh for the national grid over just seven years of operation.
The PetroVietnam Gas Corporation (PV Gas) will be a supplier of liquefied natural gas (LNG) for the Nhon Trach 3 and 4 power plants under a framework agreement between the firm with the PetroVietnam Power Corporation (PV Power).
The PetroVietnam Power Corporation (PV Power) is accelerating the raising of 32 trillion VND (1.4 billion USD) for its Nhon Trach 3 & 4 thermal power plants.
The PetroVietnam Gas Joint Stock Corporation (PV Gas) signed contracts on the building of a liquefied natural gas (LNG) warehouse and the provision of the product for two thermal power plants.
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At 750-MWNhon Trach 2 thermal power plant invested by PetroVietnam Power Corporation (PV Power). (Photo: VNA)
