PV Power launches commercial ops at Nhon Trach 3 and 4 LNG power plants

PetroVietnam Power, a unit of state-owned PetroVietnam, has launched commercial operations at its Nhon Trach 3 and 4 LNG power plants.

PetroVietnam announced the official inauguration of both plants in a statement on Sunday.

Last month, PV Power said that it expects to launch commercial operations at the Nhon Trach 3 power plant in November and the Nhon Trach 4 plant in December.

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 1.6 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.

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.

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