$1.3 billion O Mon II thermal power plant receives investment registration certificate
$1.3 billion O Mon II thermal power plant receives investment registration certificate
The joint venture between Vietnam Trading Engineering Construction JSC (Vietracimex) and Marubeni Corporation from Japan officially received the investment registration certificate for the 1,050MW O Mon II thermal power plant project with the preliminary capital of VND30.56 trillion ($1.33 billion).
The O Mon II thermal power plant has received investment registration certificate
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The investment registration certificate was presented to the developers at a ceremony organised on February 8.
Previously in late December 2020, the prime minister approved the investment planning of O Mon II thermal power plant.
The project is expected to provide power for the national power grid while simultaneously contributing to attracting foreign and domestic investment, promoting socioeconomic growth in Can Tho and the Mekong River Delta Region.
The construction of the project is expected to come into commercial operation in 2024-2025 in order to suit the construction scheme of the Block B Gas Power Project chain.
The thermal power project has become the largest foreign direct investment (FDI) project in Can Tho so far. This project contributed to increasing the total registered FDI capital in the city to $2 billion with 85 projects, seven of which come from Japanese investors with the total registered capital of $1.34 billion.
Tai Miura, general director of Marubeni Asian Power Vietnam Co., Ltd. said that the company highly appreciated the support of the province, departments, and relevant authorities during the process to complete investment procedures.
He added that Can Tho is the first investment destination of Marubeni in Vietnam since 1970 with the Tra Noc Thermal Power Plant.
The O Mon II project is located in the O Mon Power Complex, which is a 660MW fuel-burning power station in Can Tho. The power station also has three proposed gas-burning combined cycle units totaling 3,150MW in capacity. And the fuel-oil units were scheduled to be switched to natural gas, which would ultimately bring the total gas-fired capacity to 3,810MW.
The power station comprises of four power plants. The O Mon 1 plant, which has a capacity of 660MW, is already operational. O Mon II, III, and IV are currently being proposed for approval. O Mon I currently relies on fuel oil but will switch to natural gas in 2021.
