INTERNATIONAL INVESTMENT
AND PORTAL
EVN has been approved to become the investor of the $1.19 billion O Mon III thermal power plant, which is located in Can Tho city.
Vice chairman of Can Tho People’s Committee Nguyen Van Hong on September 5 signed Decision No.2447/QD-UBND to approve the investment plan of the O Mon III thermal power plant and allow EVN to become the investor.
The project will be valid within 31 years since the decision for renting land come into effect.
O Mon III thermal power plant project has a capacity of 1,050MW with a total preliminary investment cost estimate of about $1.19 billion, with $431.3 million coming from the investor’s equity and $768.26 million from other sources. The project covers over 8,300 hectares, in which the investor will have to pay the land renting fee every year.
The project will be valid within 31 years since the decision for renting land come into effect.
According to the plan, in the fourth quarter of this year, the plant’s feasibility report would be approved. The construction is expected to kick off in the first quarter of 2025 and the plant starts to receive gas in the third quarter of 2027. The plant is expected to go online in the fourth quarter of 2027.
O Mon III is one of four power plant projects in the O Mon power complex including with a total installed capacity of up to 2,910MW.
EVN proposes development of renewable power in northern region
EVN has proposed to the Government and relevant ministries and sectors a number of measures to ensure power supply, especially in the northern region, including the issuance of mechanisms to develop renewable energy in the region.
EVN promises steady power prices amid rising energy concerns
Despite rising production costs, there will be no increase in electricity prices this year, stated Nguyen Tai Anh, deputy director of state-run Electricity of Vietnam (EVN) at VIR's conference.
Cu Chi and Hoc Mon districts mobilise $9.4 billion
Ho Chi Minh City People’s Committee is inviting domestic and international investors into 48 projects in Cu Chi and Hoc Mon districts, with the total capital investment of $9.4 billion.
Thai Binh 2 thermal power plant to start operations by May 10
All employees and managers are making an effort to put the first turbine of the Thai Binh 2 thermal power plant into operation by May 10. According to information from the project’s managing board, the construction is currently 92 per cent complete and the fire prevention system is almost completed.
By Truc Giang
