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PV Power revealed this in its October business performance announcement released last week.
The company stated that it continues to commission both Nhon Trach 3 and 4 power plants, and it also continues to arrange funding for the project “as per schedule.”
According to the PV Power business plan in 2025, the expected electricity output is 1,866.2 million kWh this year.
This includes 238.8 million kWh from each Nhon Trach 3 and 4 power plants.
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 have a total capacity of 1.5 GW.
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.
In February this year, PetroVietnam Power’s Nhon Trach 3 LNG power plant was connected to the national grid, while the second LNG power plant was connected in June.
By the end of June, Nhon Trach 3 and 4 power plants were 99.7 percent completed.
As per LNG supply, in March, PetroVietnam Gas signed a long-term contract with PV Power to supply the latter’s Nhon Trach 3 and Nhon Trach 4 power plants with LNG.
Moreover, the two units of PetroVietnam signed the LNG supply contract for Vietnam’s first two LNG power plants for 25 years.
This move followed a contract signed by PV Gas and PV Power for LNG supply for the commissioning of the two power plants in November last year.
