PetroVietnam Power: first LNG power plant connected to grid

PV Power said in a statement that the plant generated 50 MW of electricity as part of its testing phase.

According to PetroVietnam’s unit, the LNG power plant is expected to start commercial operation in July this year, after meeting technical requirements.

Last week, PV Power said that the LNG power plant had completed the no-load operation test at 3000 rpm and was ready to be connected to the grid for the first time on February 1.

Earlier in January, PV Power fired up its Nhon Trach 3 LNG power plant.

In November 2021, PV Power broke ground on the Nhon Trach 3 and 4 plants in the southern province of Dong Nai, which are worth about $1.4 billion.

Vietnam’s first LNG power plants will have a total capacity of 1.5 GW.

South Korea’s Samsung C&T secured a contract from PV Power to build the plants in a consortium with Vietnamese contractor Lilama.

PV Power previously said the launch of these LNG plants had been delayed due to several issues, including those related to the project’s land lease and the power purchase agreement with Vietnam’s power utility EVN, which was signed in October last year.

By the end of January 2025, the total construction progress of Nhon Trach 3 and 4 projects had reached nearly 96 percent, according to the firm.

PV Power said it is working to accelerate the progress and put both plants into operation in 2025.

Deal with PV Gas

PV Power and PV Gas are still working to sign the final gas supply agreement for these plants.

The two firms are taking the final steps to sign the GSA, ensuring a long-term and stable gas source for future operations, PV Power said.

In November last year, PV Gas signed a contract with PV Power to supply the commissioning LNG cargo for the latter’s Nhon Trach 3 and Nhon Trach 4 power plants.

PV Gas launched its Thi Vai LNG terminal on October 29, 2023, after nearly 4 years of construction and commissioning.

This is Vietnam’s first LNG import terminal.

PV Gas is also working to increase the capacity of the facility to 3 mtpa-