Petrovietnam Power to build $1.5 bln LNG plant

State-owned Petrovietnam Power has proposed the construction of a $1.5 billion liquefied natural gas power plant in the southernmost province of Ca Mau.

Vietnam, Petrovietnam, Ca Mau

The 1,500-megawatt Ca Mau Power Plant 3 is set to begin operation in 2026 when it will produce nine billion kilowatt-hours of electricity a year and employs 2,000 locals.

PV Power will require 26 hectares in Khanh An Commune to begin construction in 2022. This is PV Power’s third gas-fired power plant in the province.

Ca Mau chairman Le Quan supports the project and has tasked departments with assisting the company in completing administrative procedures.

Several other LNG power plants have received approval or are having feasibility studies done amid growing power demand in Vietnam.

Southern Long An Province last month licensed a 3,000-MW liquefied natural gas power plant to be built by South Korea’s GS Energy and fund management company VinaCapital.

The northern port city of Hai Phong has approved construction of a $5.09 billion LNG plant by America's Exxon Mobil.

Singapore’s Delta Offshore Energy will build a plant in the Mekong Delta province of Bac Lieu in 2024.

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