At the signing ceremony (Photo: VNA)Hanoi (VNA) – The PetroVietnam Power Corporation(PV Power) has signed a cooperation agreement with gas industry company Novatekof Russia, on the development of liquefied natural gas (LNG) and energyprojects in Vietnam.
PV Power, a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), is the second largest electricity supplier of Vietnam after the Vietnam Electricity (EVN).
It has taken the lead in LNG projects, owning seven plants with a combined capacity of 4,208 MW, contributing about 21 billion kWh of electricity to the national grid.
A power plant of PV Power (Photo: VNA)A representative of PV Power said it is focusing on thedevelopment of LNG projects for its ‘green’ and sustainable growth, and seekingforeign partners with enormous potential and experience in the field so as torealise its strategy.
In late 2020, a consortium comprising PV Power, COLAVI,Tokyo Gas and Marubeni reached a memorandum of understanding on LNG projectdevelopment. The construction of the LNG Quang Ninh power plant, part of thecooperation, started this October.
PV Power is channelling investment into the Nhon Trach 3 andNhon Trach 4 power plants, which will be the first LNG-to-power projects inVietnam./.
