Citibank and Ingbank to allocate funds for LNG-fired power plants

Leaders of PV Power, Citibank, Ingbank seen at the signing ceremony. Photo courtesy of PV Power
With the undisclosed amount of money, the PV Power’s thermal power plants will be equipped with the mixed-flow gas turbine technology. They will be the first in Vietnam using imported liquefied natural gas, company said in a posting on its website.
The power plants which are being built at Ong Ke Industrial Park, Dong Nai’s Nhon Trach district have a combined capacity of 1,500 megawatts and. It is expected the power projects could help Vietnam to tackle power shortage in the southern provinces.
The Vietnam Oil & Gas Group’s Nhon Trach 2 power plant began commercial operation in 2011 with the capacity of 750 MW while the Nhon Trach 1 plant, which began operation in 2008, generates 2.5 billion kWh anually.