US power company keen on investing gas-fired power project in Vietnam
The US-based power company AES Corporation said it wants to join the PetroVietnam Gas JSC (PV Gas) in the Son My 2 gas-fired thermal power project.
The proposal was made by President of AES Vietnam David Stone during a recent working session with PetroVietnam group. PetroVietnam deputy director general Nguyen Hung Dung affirmed that the group is ready to work with US investors, including AES, in the oil and gas sector, especially gas-fired thermal power projects.
The Son My 2 is one of the nine gas-fuelled power projects that the Government has assigned PetroVietnam to invest in. The project consists of three power plants using liquefied natural gas, with designed capacity of 750 MW 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.
The AES, which is listed in the US Fortune-200, joined shareholders from subsidiaries of Posco Energy Corporation from the Republic of Korea and China Investment Corporation to form the AES-VCM Mong Duong Power Company Limited in Vietnam.
The company is known for its 1,242 MW Mong Duong 2 power plant. The coal-fired power project plant was built under a Build-Operate-Transfer (BOT) agreement and would be transferred to the government after 25 years.
22:24, 2024/04/22
Vietnam starts construction of US$432 million expressway to China
The expressway will stimulate socio-economic development in four major economic zones in Vietnam: the northern, central, southern, and Mekong Delta regions.
20:05, 2023/09/13
KOICA launches new training program for Vietnamese journalists
The program is well designed and attached to new trends in South Korea and the world, which can be applied in Vietnam.
17:55, 2023/03/27
UK-funded CFA to support nine low-carbon projects in Vietnam
The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021.
16:17, 2022/03/10
Hanoi’s latest proposal on Ring road No.4 project to save US$380 million
The project, estimated to be around VND87.1 trillion (US$3.81 billion), would be divided into seven sub-components and carried out under the combination of private-public partnership (PPP) and public investment mechanisms.
18:30, 2022/02/10
Construction of $120-million compostable resin factory kicks off in Hai Phong
The project, invested by An Phat Holdings, is considered the largest green materials factory in Southeast Asia.
16:51, 2022/02/06
Construction of Long Thanh International Airport must be accelerated: Prime Minister
With such sluggish construction progress, Long Thanh International Airport may not be able to become operational by 2025 as planned.