On December 14th, at the Ong Keo Industrial Park in Dai Phuoc, Dong Nai, Prime Minister Pham Minh Chinh attended the inauguration ceremony of the NLG Nhon Trach 3 and Nhon Trach 4 gas-fired power plants, marking a significant milestone in celebration of the 14th National Party Congress.
Prime Minister Pham Minh Chinh and delegates participate in the plaque unveiling ceremony for the project commemorating the 14th Party Congress.
The event was organized by the Vietnam Oil and Gas Group (Petrovietnam) and the PetroVietnam Power Corporation (PV Power), with attendance from leaders of various ministries, sectors, and central agencies.
In his address, Prime Minister Pham Minh Chinh emphasized that the completion of these plants is a crucial step toward ensuring energy security—a strategic foundation for rapid and sustainable development, meeting the demands of growth in the new era.
Despite numerous challenges, the project’s success reflects the collective effort and pioneering spirit of state-owned enterprises, achieving several notable milestones: the lowest investment cost, largest scale, most advanced technology, highest capacity, shortest EPC contract negotiation period, and most competitive commercial electricity pricing.
Prime Minister Pham Minh Chinh tours the Central Control Room of the Nhon Trach 3 and Nhon Trach 4 LNG power plants.
The Prime Minister highlighted unprecedented challenges, such as the project’s commencement during the COVID-19 pandemic. This project also serves as a model for securing international financing without government guarantees, signaling to foreign investors that government backing is not required.
Additionally, the project was executed amidst the absence of a mechanism for pricing LNG in electricity costs and long-term power purchase agreements, despite differing opinions. Nevertheless, it successfully balanced interests and shared risks.
According to the Prime Minister, this exemplary project overcame all obstacles, ensuring timely completion, safety, and satisfactory resettlement for affected communities. It demonstrates Petrovietnam’s growth and strength.
Mr. Le Nhu Linh, CEO of PetroVietnam Power Corporation, proudly announced the completion of Vietnam’s first LNG power projects, boasting the largest capacity and most advanced technology.
The project met all stringent EPC contract requirements and adhered to the Power Master Plan 8 schedule, without exceeding the approved investment budget.
“Today, the dedication and aspirations of PV Power, along with the expectations of our leaders, have materialized. The Nhon Trach 3 and Nhon Trach 4 power plants are ready for commercial operation starting today,” stated Mr. Le Nhu Linh.
Prime Minister Pham Minh Chinh and delegates inaugurate the Nhon Trach 3 and Nhon Trach 4 LNG power plants.
Meanwhile, Petrovietnam Chairman Le Manh Hung noted that the Nhon Trach 3 & 4 LNG power projects are Vietnam’s first major electricity initiatives using LNG, featuring next-generation turbines with over 62% efficiency.
With these projects operational, Petrovietnam now operates 12 power plants with a total installed capacity of 8,249 MW, accounting for 9.3% of the national total and over 10% of the country’s electricity output.
Mr. Hung emphasized that LNG-fueled plants lay the groundwork for Petrovietnam to develop additional LNG power hubs nationwide, ensuring energy security, economic growth, and contributing to the goal of net-zero emissions by 2050.
The Nhon Trach 3 and 4 LNG power projects.
Milestones of the Nhon Trach 3 and Nhon Trach 4 LNG Projects
1. Vietnam’s first LNG-fueled power project, leading the transition from coal to cleaner energy sources.
2. Vietnam’s largest gas-fired power project with a capacity of 1,624 MW.
3. Features Vietnam’s most powerful generating units at 812 MW each.
4. Utilizes GE’s 9HA.02 gas turbines, the world’s most advanced in technology, capacity, and efficiency, with hydrogen co-firing capability.
5. Achieves Vietnam’s highest efficiency rate, exceeding 62%.
6. Completed EPC contractor selection during the challenging COVID-19 pandemic.
7. Fastest EPC contractor selection process, completed in just 11 months.
8. Highest domestic contractor participation in an EPC power project, with Lilama contributing 40% of the project value.
9. Vietnam’s first LNG power project to secure financing without government guarantees, totaling nearly $1 billion.
10. Lowest investment cost for a power project in Vietnam to date.
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Vietnam’s Most Cost-Effective Power Plant Complex, Projected to Generate 9 Billion kWh Annually, Officially Inaugurated
On December 14th, Prime Minister Pham Minh Chinh attended the inauguration ceremony of Nhon Trach 3 and Nhon Trach 4 power plants in Dong Nai province, as reported by the Government’s electronic information portal. The event also included the unveiling of a commemorative plaque for the 14th National Party Congress.
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Unlocking Energy Potential: $1.4 Billion LNG Power Complex Launches in Nhon Trach
On the morning of December 14th, the Nhơn Trạch 3 and 4 LNG Power Complex was officially inaugurated in Đồng Nai, graced by the presence of Prime Minister Phạm Minh Chính. The project was commemorated with a plaque celebrating the 14th National Party Congress.
