Vietnam’s first LNG-to-power complex completes land lease, readies ‘first fire’
The $1.4-billion Nhon Trach 3 and Nhon Trach 4 LNG-to-power complex, the first of its kind in Vietnam, has basically completed related land lease tasks.
PV Power, a subsidiary of state-owned Petrovietnam, informed its parent firm on Thursday that it was also preparing to “first fire” one of the plants this September.
As of end-June, the 1,600-MW project had completed 88.6% of its EPC (engineering, procurement and construction) contract, PV Power added.
The under-construction Nhon Trach 3, 4 LNG-to-power project in Dong Nai province, southern Vietnam. Photo courtesy of Dong Nai newspaper.
PV Power also reported on the progress made with other LNG-to-power projects including Nghi Son, Vung Ang 3, Ca Mau 3, and Quynh Lap; electric vehicle charging stations; and hydropower projects.
According to power generator’s plan, Nhon Trach 3 and 4 plants will enter commercial operations in November 2024 and May 2025, respectively. The complex will be able to supply nine billion kWh to the national grid per year.
In the first half of 2024, PV Power’s electricity generation reached 8.37 billion kWh, equivalent to 96% of the target for the period, unchanged from H1/2023.
The firm reaped a pre-tax profit of VND725 billion ($28.6 million) and paid VND325.4 billion to the state budget.
Vietnam has yet to have any power plants that exclusively uses LNG as fuel. Some gas-fired power plants like Phu My 3, Phu My 2.1 and Phu My 4 have switched to use LNG as fuel from April onwards.
- Related News
- Read More
Three provincial officials charged with illegally refunding VAT for solar power project
Three officials from Binh Phuoc province's Tax Department in southern Vietnam have been investigated for “showing a lack of responsibility, causing serious consequences” in a case involving a value added tax (VAT) refund to Loc Ninh 3 Energy JSC.
Society - Sat, September 14, 2024 | 11:23 pm GMT+7
Uniqlo to open first store in central Vietnam next year
Japanese clothing brand Uniqlo will open its first store in Vietnam’s central region in 2025, at the Aeon Mall Hue in Thua Thien Hue province.
Companies - Sat, September 14, 2024 | 7:00 pm GMT+7
From Mozambique to Vietnam: A journey to wisdom
A young Mozambican student, Oraiden Manuel Sabonete, is making waves with a rich tapestry of languages and a deep-seated passion for cultural immersion after nearly five years studying in Hanoi.
Travel - Sat, September 14, 2024 | 3:43 pm GMT+7
PV Gas supplies rail-transported LNG to first customer in northern Vietnam
Vietnam CNG JSC (PV Gas CNG), a subsidiary of PV Gas, has completed the delivery of liquefied natural gas (LNG) transported by rail from the south to its first customer in northern Vietnam.
Companies - Sat, September 14, 2024 | 3:26 pm GMT+7
Thailand’s Central Retail opens $13 mln mall in Ha Nam province, 40th in Vietnam
Thailand’s leading retailer Central Retail opened a mall under its GO! brand in the northern province of Ha Nam on Saturday, its 40th facility in Vietnam.
Industries - Sat, September 14, 2024 | 3:10 pm GMT+7
Airport Construction Corp-led consortium wins $260 mln Long Thanh airport bidding package
A consortium led by state-controlled Airport Construction Corporation (ACC) has won a VND6.37 trillion ($260 million) bidding package for construction of and equipment installation for aprons at the Long Thanh International Airport in the southern province of Dong Nai.
Infrastructure - Sat, September 14, 2024 | 2:18 pm GMT+7
Vietnam auto sales up 2% to 188,997 units in Jan-Aug
Members of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 188,997 units in the first eight months of 2024, up 2% year-on-year.
Companies - Sat, September 14, 2024 | 10:44 am GMT+7
Nearly 20% of Malaysia’s population classified as obese
Obesity is one of the most pressing health concerns in Malaysia, with nearly 20% of its population classified as obese.
Southeast Asia - Sat, September 14, 2024 | 10:38 am GMT+7
Thai rice prices hit one-year low
Thai rice prices fell to their lowest in over a year as bidders were forced to reduce their high prices in a recent auction held by Indonesia, while Indian rice export prices extended losses this week to hit an eight-month low.
Southeast Asia - Sat, September 14, 2024 | 10:36 am GMT+7
Cambodia focuses on promoting cashew exports
By exporting more than 830,000 tonnes of raw cashew in the first seven months of this year, Cambodia has become the world's second largest exporter of the nut.
Southeast Asia - Sat, September 14, 2024 | 10:23 am GMT+7
VAFIE proposes new circular on rules of origin under EU-Vietnam FTA
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) on Friday proposed the Ministry of Industry and Trade promptly issue a new circular on the rules of origin in the EU-Vietnam Free Trade Agreement (EVFTA) to facilitate trade and supply chains.
Companies - Sat, September 14, 2024 | 8:13 am GMT+7
Vietnam to consider nuclear power as primary source, expedite offshore wind projects
Vietnam’s Ministry of Industry and Trade has been tasked with studying development of nuclear power as a primary energy source, according to a document released by the Government Office on Thursday.
Energy - Fri, September 13, 2024 | 11:07 pm GMT+7
Vietnam, US work on opening markets for more agricultural produce
Vietnam’s Ministry of Agriculture and Rural Development is collaborating with relevant agencies to complete procedures for exporting to the U.S. a series of new agricultural produce including oranges, tangerines, plums, and seedless lemons.
Economy - Fri, September 13, 2024 | 7:15 pm GMT+7
KWE Beteiligungen AG-invested TNH hospital seeks $6.2 mln through public offering
TNH Hospital Group JSC, a private hospital chain based in Vietnam’s northern province of Thai Nguyen, plans to raise VND152 billion ($6.2 million) through a public offering to repay loans to its executives and banks.
Finance - Fri, September 13, 2024 | 5:00 pm GMT+7
Gojek’s Vietnam exit could reinforce Grab dominance of ride-hailing market
Indonesian Gojek's upcoming exit from Vietnam is expected to intensify competition between domestic ride-hailing and delivery companies and Malaysian unicorn Grab which currently dominates the market.
Companies - Fri, September 13, 2024 | 4:27 pm GMT+7
Andrew Khan appointed Carlsberg Vietnam managing director: Charting a new course for growth and innovation
As Carlsberg Vietnam continues to navigate the evolving landscape of the beer industry, the company is set to begin a new chapter with the appointment of Andrew Khan as managing director, effective on September 1.
Companies - Fri, September 13, 2024 | 4:15 pm GMT+7
