BUSINESS Updated at 10:41:00 10/07/2019  (Views:  498 )
Government allows AES Corp to in

Government allows AES Corp to invest in Son My 2 Gas Power Plant

BTO – Minister of Industry and Trade Tran Tuan Anh lately issued a document to announce the Prime Minister’s approval on AES Energy Company  (USA) as the investor of Son My 2 Gas Power Plant project in Ham Tan district-Binh Thuan province.

Illustrative photo of Son My 2 Gas Power plant

The project, which is invested under the BOT contract (Build-Operate-Transfer) with a total capital of nearly USD 5 billion, is expected to boost the demands for import of liquefied natural gas (LNG) from the US to nearly USD 2 billion each year.

As reported, Son My 2 Gas Power plant is part of a combined project of three gas-fired power  plants in Ham Tan district (including Son My 1, Son My 2 and Son My 3), with a total designed capacity of 4,000 MW. The plant is estimated to use 600,000 tons of LNG and become operational in the next 5 years.

Earlier, the provincial People’s Committee of Binh Thuan province has granted MoU on investment pledge to AES Corp at an Investment Promotion Conference held in Phan Thiet City in September.

Translated by Phuong Lan (Source: Binh Thuan online)

 

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