Vietnam approves gas-fired power plant

Vietnam’s government has approved a feasibility study by the state oil monopoly Petrovietnam to build a USD 384.51 million power plant using gas from a southern block shared with Malaysia.
The Thanh Nien (Young People) newspaper said Petrovietnam’s maximum investment in the 720mw gas-fired plant would be 5.77 trillion dong (USD 384.51 million). The plant is part of a gas, power and fertiliser complex in southern province of Ca Mau in the far south. It will use gas from block PM-3, about 600km SW of Ho Chi Minh City. The plant’s gas-fired turbines would be operational in the first quarter of 2005, while the steam unit would begin operations in the fourth quarter that year, the paper said.

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