Vietnam’s second-largest electricity producer PetroVietnam Power Corporation (PV Power) has officially confirmed its approval of investment for Nhon Trach 3 and Nhon Trach 4 thermal power plants, with a combined capacity of between 1,300 to 1,760MW. The Nhon Trach 3 and Nhon Trach 4 thermal power plants have been approved by Prime Minister Nguyen Xuan Phuc to complement the adjusted Power Development Plan VII (PDP7) in Decision No.212/TTg-CP dated February 13, 2017; and by the Ministry of Industry and Trade in the adjustment plan of Nhon Trach Power Station under Decision No.3453/QD-BCT dated September 6, 2017. Accordingly, the total investment is estimated at roughly VND32.5 trillion ($1.4 billion). The two thermal projects will be built in Ong Keo Industrial park, Phuoc Khanh commune, Nhon Trach district, Dong Nai province. With its favourable location and solid infrastructure of the Southern key economic zone, the province of Dong Nai has become the focus of attention of property developers for years. The construction of the plants is scheduled for the second quarter of 2021. Earlier this year, foreign lenders Citibank and INGbank have signed a letter of authorisation to provide financial assistance to the project. Ho Cong Ky, Chairman of PV Power, believed… Read full this story
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