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Foreign banks to arrange funds for LNG power plants in Vietnam

Christian Fernsby |
PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.

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Topics: BANK    LNG    POWER    PLANT    VIETNAM   

Equipped with the mixed-flow gas turbine technology, the two thermal power plants will be the first in Vietnam using imported liquefied natural gas (LNG).

They have a combined capacity of 1,500 megawatts and are being built at Ong Ke Industrial Park, Dong Nai’s Nhon Trach district. The plants are projected to help tackle power shortage in the southern region.

PV Power is making every effort to start the work on the power plant chain in early 2021.

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