PetroVietnam, PTSC sign EPC contract for Long Phu 1 power plant30 December 2010
The Vietnam Oil and Gas Group (PetroVietnam) and the PetroVietnam Technical Services Corpration (PTSC) have signed an EPC contract worth $1.2 billion for the Long Phu 1 thermoelectric power plant in Hanoi on 28 December 2011.
PetroVietnam is financing the 1,200MW Long Phu 1, which is the first in the three coal-fueled thermo power plants of the Long Phu Electricity Centre built in the Mekong Delta province of Soc Trang.
The power plant will be constructed on 115 hectares of area. The two turbine plant is expected to use effective and environmentally-friendly technologies and materials imported from Indonesia and Australia.
The project is seeking for investor and the EPC contractor to concentrate all resources, machines and equipment for the implementation of the project so as to put into operation the first turbine in 2014 and the second one year later. The power plant has a capacity to contribute 7.8 billion kWh of electricity to the national grid per year.
As per sources, the Long Phu 1 plant has a total investment of nearly VND1.9 trillion ($97 million) with 30% sourced from the group’s development investment capital and the remaining coming from loans.