New development at O Mon IV Thermal Power Plant

(PLVN) - The Vietnam National Industry and Energy Group (Petrovietnam) has found a general contractor to build the O Mon IV Thermal Power Plant. This is an important event in the effort to put the Plant into commercial development by December 2028.

The arduous journey

Petrovietnam said that the O Mon IV Thermal Power Plant Project has a total investment of nearly VND30,000 billion, part of the overall Block B - O Mon gas - power project chain, including component projects: offshore gas exploitation at Block B, Block B - O Mon gas pipeline and the thermal power plant cluster in Can Tho. The project chain plays a strategic role in exploiting, transporting and effectively using gas resources in the Southwest region, contributing to ensuring national energy security, maritime security and stable electricity supply for the Southern region.

The implementation of the project chain has encountered many difficulties and challenges, leading to the overall progress being prolonged by nearly 20 years. In particular, the investment in the construction of gas-fired power plants - especially O Mon IV Thermal Power Plant - is identified as a component project on the "critical path" in terms of progress and is decisive to the feasibility and economic efficiency of the entire project chain.

Faced with that urgent requirement, the Prime Minister assigned Petrovietnam to be the investor of the O Mon IV Thermal Power Plant Project to promote downstream progress and ensure synchronization throughout the chain.

“Under the close direction of the Government, Central Ministries, branches and Can Tho City leaders, Petrovietnam has demonstrated high determination, urgently accelerated investment procedures in accordance with regulations and has so far completed the selection of the main EPC contractor for the project through an open, public and transparent international bidding process,” said a Petrovietnam representative.

The joint venture Doosan Enerbility Co., Ltd. (Korea) - Power Construction Consulting Joint Stock Company 2 (PECC2) has been selected as the general contractor to implement the EPC package of the project. The plant uses the latest generation of combined cycle gas turbine technology, high efficiency, fuel economy, and environmental friendliness. The designed capacity is about 1,155MW - higher than the planned scale and is expected to generate commercial electricity in December 2028, ensuring synchronization with the process of bringing gas from Block B field to shore. The project is in line with the clean energy development orientation according to the adjusted Power Plan VII and Power Plan VIII, and at the same time contributes to implementing Vietnam's commitment at COP26 on reducing greenhouse gas emissions and developing clean and sustainable energy.

Contractor committed to ensuring progress and quality

According to Mr. Phan Tu Giang, Deputy General Director of Petrovietnam, immediately after being assigned as the investor of the O Mon IV Thermal Power Plant Project, Petrovietnam actively implemented investment and construction along with related works. In particular, after the process of organizing an open international bidding with many reputable, capable and experienced contractors participating in the EPC bidding package.

Mr. Lee Hyeonho, General Director of EPC Business Division of Doosan Company affirmed that the signing of the EPC contract for the O Mon IV Thermal Power Plant Project is a very meaningful milestone to open up a new cooperation opportunity between Petrovietnam and the contractor consortium. At the same time, he committed that with the experience of successfully implementing previous projects, the Doosan - PECC2 joint venture will make every effort to complete the O Mon IV Project ensuring progress with the best quality.

According to Petrovietnam, upon completion of the O Mon IV Thermal Power Plant Project, the total power capacity managed and operated by Petrovietnam will increase to more than 9,300MW, accounting for about 10% of the total capacity of the national power system. When put into operation, the Plant will supplement clean and stable power sources for the Mekong Delta region, improve the reliability of the national power system, and at the same time create a spillover effect in attracting investment, promoting international cooperation and socio-economic development in the region.

The O Mon IV Thermal Power Plant Project uses the latest generation of combined cycle gas turbine technology, high efficiency, fuel economy, and environmental friendliness, located at the O Mon Power Center, Can Tho City. The designed capacity of the Plant is about 1,155MW.

Minh Huu

Source: https://baophapluat.vn/buoc-phat-trien-moi-tai-nha-may-nhet-dien-o-mon-iv-post551619.html