PV Power holds a seminar on “Investment model on power plants using imported LNG”

10 August, 2018

On 08/8/2018, Petro Vietnam Power Corporation (PV Power) held a seminar on “Investment model of power plants using imported LNG” in Hanoi. The workshop was organized with the aim at introducing Nhon Trach 3 & 4 LNG gas project to partners, consultancy firms, banks and financial institutions in Vietnam and abroad in order to exchange the experience of technology of gas power plant, construction investment management, and capital arrangement for the project.

Attending the workshop were Mr. Nguyen Viet Son – Director of Oil and Gas Department, Ministry of Industry and Trade; Mr. Luong Van Ket – Director of Industrial Economics Department, Ministry of Planning and Investment; Mr. Le Van Luc – Deputy Director of Electricity and Renewable Energy, Ministry of Industry and Trade; Mr. Nguyen Tien Vinh – Member of the Board of Director of    PetroVietnam.

On the side of PetroVietnam Power Corporation- JSC Mr. Ho Cong Ky – Chairman of the Board of Management ; Mr. Nguyen Xuan Hoa – President & CEO.

Mr. Nguyen Xuan Hoa – President & CEO deliver the opening.

 Opening the remark, Mr. Nguyen Xuan Hoa – President & CEO of PV Power stressed that chain project power plant in Nhon Trach 3 & 4 by PV Power as an investor and LNG Thi Vai depot invested by PV Gas, its will create an economic value chain as well as development orientation for Vietnam’s LNG industry in the future. As plan, LNG Thi Vai depot will be put into the operation in Q2 / 2022 and the Nhon Trach 3 & 4 power plant will be operational by the end of 2022/2023, the implementation of investment projects must be implemented in parallel with each other.

 

Mr Nguyễn Mạnh Tưởng – Deputy President & CEO presentation about PV Power and Nhon Trach 3 & 4 power plant project

The Nhon Trach 3 & 4 power plant project is the first one who uses imported LNG fuel for power generation in Vietnam. The investment in the Nhon Trach 3 & 4 power plant project will contribute to meet the increasing demand for high loads and capacity shortages in the South, especially in Ho Chi Minh City. Diversifying primary energy sources, reducing dependence on imported coal fuels, which is potential risks of electricity supply …

 

Representative of CitiBank presentation.

PV Gas, Poyry, SS&Aand Citibankpresented the very important content for the development of the imported LNG power plant project. The delegates had the most comprehensive and detailed view on the project of LNG Thị Vai depot, the supply of imported LNG to Nhon Trach 3 & 4 power plants, the experience of implementing LNG power projects, gas turbine technology applied to LNG gas power plants and experience in arranging capital for power projects.

Mr. Nguyen Tien Vinh – Member of the Board of Directorsof PetroVietnam delivery speech

On behalf of PetroVietnam Oiland Gas Group, Mr. Nguyen Tien Vinh – Member of the Board of Directors acknowledged the results that PV Power has achieved over 11 years of establishment and development.As a major shareholder of PV Power and PV Gas, PetroVietnam is committed to continuing to support and create favorable conditions for PV Power to invest in the construction of  Nhon Trach 3 & 4 power plant and put into operation as scheduled, as well as directing PVGas construction LNG Thi Vai depot synchronized to ensure chain project power plant in Nhon Trach 3 & 4 –  LNG Thi Vai depot achieve the highest efficiency.

At the workshop, participants and representatives of PV Power’s leaders had an active exchange and shared around issues of capital arrangement, plant technology and mechanism to ensure for projects implemented effectively

Addressing the closing remark, Mr Ho Cong Ky – Chairman of Board of Management of PVPower expressed the sincere thanks to the presentation of PV Gas, POYRY, SS & A and Citibank; Especially, the guidance of the Vietnam Oil and Gas Group and comments of the participants in the exchange for the most effective implementation of the project.

Mr Ho Cong Ky – Chairman of Board of Management of PVPower delivery speech

On behalf of PV Power’s leaders, he pledged to carry out the project on schedule, expecting competent authorities, investors and partners to support PV Power during the implementation process for the project to be put into operation on schedule, ensuring the efficiency of investment for the project, bringing the highest benefits to the State and Shareholders. This is also a prerequisite for the development of Vietnam’s future LNG gas industry and power generation industry.

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