Transferring Phu My 3 BOT power plant to EVN

On March 1, 2024, at the headquarters of the Ministry of Industry and Trade, the handover ceremony of the Phu My 3 BOT power plant to Vietnam Electricity Group (EVN) took place.

The Phu My 3 thermal power plant project with a capacity of 715 MW in Ba Ria - Vung Tau province is a combined cycle gas turbine power plant, using domestic gas sources and implemented by 3 foreign investors: Sembcorp Utilities Pte. Ltd., Kyuden International Corporation and Sojitz Corporation.

The project began commercial operation on March 1, 2004 and after the end of the 20-year period of safe and stable operation, at 00:00 on March 1, 2024, the plant was successfully transferred to EVN for continued exploitation and operation.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan speaks at the handover ceremony of Phu My 3 BOT power plant. (Photo: Ministry of Industry and Trade).

The Phu My 3 Thermal Power Plant Project is the first 100% foreign-invested power source project under the public-private partnership (Build-Operate-Transfer contract) assigned by the Vietnamese Government to foreign investors after opening up and integrating into the international economy.

The successful implementation of the project has demonstrated the correctness of the Party, State and Government's guidelines, policies and strategies in attracting foreign investment capital and diversifying investment methods for infrastructure projects serving the country's socio-economic development.

After receiving and transferring the factory, EVN will continue to exploit and operate it, and it is expected that the factory will annually contribute about 4.6 billion kWh to the national power system, contributing to ensuring energy security and stabilizing the power system, serving socio-economic development and the interests of the people in the coming time.

Chau Anh

Source