Power Project Management Board (PVPP) and Electricity Trading Company (EVNEPTC) signed the Power Purchase Agreement for the testing phase of Nhon Trach 3 Power Plant on May 27, 2024.

PetroVietnam Power Corporation (PV Power) and PetroVietnam Gas Corporation (PV GAS) have basically completed negotiations on the terms and contents of the Gas Supply Agreement (GSA). The two parties are expected to sign the contract in the fourth quarter of 2024.

Nhon Trach 3 Power Plant is expected to start from the first ignition milestone on October 15, 2024. Photo: Petrotimes

Based on the updated progress until the end of August 2024 of the EPC contractor, the testing work of each factory is expected to be carried out within 178 days.

Specifically, Nhon Trach 3 Power Plant is expected to start from the first ignition milestone on October 15, 2024, then test run to ensure operating parameters, run reliably and operate commercially in April 2025.

Construction area of ​​cooling system for the Factory. Photo: Petrotimes

Nhon Trach 4 Power Plant will start from the first ignition milestone on December 22, 2024, test run to ensure operating parameters, run reliably and put into commercial operation in July 2025.

Nhon Trach 3 and Nhon Trach 4 Power Plant Project is one of the important power source development projects, which is highly interested, monitored and directed by the Government, ministries and branches with urgent progress requirements.

Therefore, to ensure the overall progress of the Project, PV Power recommends that the Group consult with the People's Committee of Dong Nai province to direct Tin Nghia Corporation to soon sign a land lease contract for the remaining 6.4 ha of the Project and sign a wastewater treatment contract for the Project to avoid affecting the progress of the trial run and applying for an environmental license; consult with Vietnam Electricity Group (EVN) to speed up the construction of the 500 kV transmission line project of Nhon Trach 4 Power Plant - Phu My - Nha Be branch to connect, supply electricity for trial run and release the capacity of Nhon Trach 4 Power Plant.

Petrovietnam General Director inspects the construction site of Nhon Trach 3 and 4 power projects.

During the working session with the Petrovietnam delegation led by General Director Le Ngoc Son, representing PV Power, Lilama, Samsung C&T, and PV GAS, they gave opinions and solutions to overcome current difficulties, as well as prepare for the first ignition in October 2024 of Nhon Trach 3 Power Plant, thereby completing the next steps, in time for commercial operation in April 2025.

220 kV distribution yard of the project.

Speaking at the meeting, Petrovietnam General Director emphasized that Petrovietnam has taken a step forward in implementing the LNG sector and the LNG gas project chain. This is the first project chain that Petrovietnam has implemented in accordance with the policy of Conclusion 76-KL/TW of the Politburo.

To successfully implement this orientation, as well as the LNG Gas - Power chain, Nhon Trach 3 and 4 Power Project is an important link. Therefore, the Group and related units will focus on resolving difficulties in the spirit of "One team, one goal", to soon put the project into operation according to the set schedule.