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Thursday, June 13, 2024

PV Power proposes withdrawing from Ca Na LNG-fired power project

The Saigon Times

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HCMC – PetroVietnam Power Corporation has proposed withdrawing from the tender for the first phase of the Ca Na liquefied natural gas (LNG)-fired power project in Ninh Thuan Province.

The Ninh Thuan government had earlier announced holding an international competitive tender to choose an investor for the project.

The tender attracted some investors, such as a Korean consortium comprising Hanwha Energy Corporation, Korea Gas Corporation, and Korea Southern Power Co., Ltd; Gulf MP Company Limited; Jera Company Inc; a consortium of Total Gaz Electricite Holding France, Novatek Gas & Power Asia Pte, PV Power, Siemens Energy AG and Zarubezhneft JSC; and the Trung Nam Construction Investment Corporation.

The project was planned to have a total capacity of 6,000 megawatts. The first phase alone will have a capacity of 1,500 megawatts and need an estimated investment of some VND49 trillion.

The Ca Na LNG-fired power project, once in place, is expected to contribute to Ninh Thuan’s socioeconomic development and create jobs for many locals and enterprises.

The project will also help achieve the target of developing Ninh Thuan into a national clean energy hub of the country and promoting the development of the south of the province.

PV Power is currently managing the most LNG-fired power plants in the country with four facilities—Nhon Trach 1 and 2 and Ca Mau 1 and 2—with a total capacity of 2,700 megawatts.

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