The project, which is invested under the BOT contract (Build-Operate-Transfer) with a total capital of nearly USD 5 billion, is expected to boost the demands for import of liquefied natural gas (LNG) from the US to nearly USD 2 billion each year.
As reported, Son My 2 Gas Power plant is part of a combined project of three gas-fired power plants in Ham Tan district (including Son My 1, Son My 2 and Son My 3), with a total designed capacity of 4,000 MW. The plant is estimated to use 600,000 tons of LNG and become operational in the next 5 years.
Earlier, the provincial People’s Committee of Binh Thuan province has granted MoU on investment pledge to AES Corp at an Investment Promotion Conference held in Phan Thiet City in September.
Translated by Phuong Lan (Source: Binh Thuan online)