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US power company wants to invest in gas-fired power project

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.
US power company wants to invest in gas-fired power project ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA) – The US-based power company AESCorporation said it wants to join the PetroVietnam Gas JSC (PV Gas) in the SonMy 2 gas-fired thermal power project.

The proposal was made by President of AES Vietnam DavidStone during a recent working session with PetroVietnam group.

PetroVietnam deputy director general Nguyen Hung Dungaffirmed that the group is ready to work with US investors, including AES, inthe oil and gas sector, especially gas-fired thermal power projects.

The Son My 2 is one of the nine gas-fuelled power projectsthat the Government has assigned PetroVietnam to invest in. The projectconsists of three power plants using liquefied natural gas, with designedcapacity of 750 MW each. Built at the Son My industry-services-gas complex inthe central coastal province of Binh Thuan, the facilities are set to becomeoperational in 2023, 2024 and 2025.

The AES, which is listed in the US Fortune-200, joined shareholdersfrom subsidiaries of Posco Energy Corporation from the Republic of Korea andChina Investment Corporation to form the AES-VCM Mong Duong Power CompanyLimited 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.-VNA
VNA
#PV Gas #AES Corporation #PetroVietnam Gas JSC #AES Vietnam #David Stone #PetroVietnam #Nguyen Hung Dung #gas-fired thermal power projects in Vietnam #Son My 2 gas-fired thermal power project #Vietnam #Vietnam News Agency #vietnamplus United States
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