EVN approved to become investor of O Mon III thermal power plant

September 05, 2022 | 20:28

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EVN has been approved to become the investor of the $1.19 billion O Mon III thermal power plant, which is located in Can Tho city.

EVN approved to become investor of O Mon III thermal power plant

Vice chairman of Can Tho People’s Committee Nguyen Van Hong on September 5 signed Decision No.2447/QD-UBND to approve the investment plan of the O Mon III thermal power plant and allow EVN to become the investor.

The project will be valid within 31 years since the decision for renting land come into effect.

O Mon III thermal power plant project has a capacity of 1,050MW with a total preliminary investment cost estimate of about $1.19 billion, with $431.3 million coming from the investor’s equity and $768.26 million from other sources. The project covers over 8,300 hectares, in which the investor will have to pay the land renting fee every year.

The project will be valid within 31 years since the decision for renting land come into effect.

According to the plan, in the fourth quarter of this year, the plant’s feasibility report would be approved. The construction is expected to kick off in the first quarter of 2025 and the plant starts to receive gas in the third quarter of 2027. The plant is expected to go online in the fourth quarter of 2027.

O Mon III is one of four power plant projects in the O Mon power complex including with a total installed capacity of up to 2,910MW.

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By Truc Giang

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