Hanoi (VNA) – The PetroVietnam PowerCorporation (PV Power) has approved an investment plan to build Nhon Trach 3and 4 thermal power plants with combined capacity of between 1,300-1,760 MW.
The plants will be constructed in the southernprovince of Dong Nai with an estimated investment of over 32.48 trillion VND(1.39 billion USD).
In February 2020, PV Power signed a letter of authorisationwith its foreign partners – Citibank and Ingbank – to arrange capital for theproject.
The company also inked a contract with the PetroVietnamGas Joint Stock Corporation (PV Gas) to provide and sold liquefied natural gas(LNG) for the project in mid-2019.
The construction of the plants is scheduled tocommence in the second quarter of 2021./.