The AES Corp. will develop a massive, 2.2-GW combined cycle gas turbine (CCGT) power plant in Vietnam.
The Virginia-based power generator and distributor announced that the Vietnamese government approved AES’ part in the Son My 2 project. Son My 2 will be located in the Binh Thuan province and operate under a 20-year contract with the government, according to the report.
AES is also investing in gas infrastructure in Vietnam with the previously announced Son My 2 liquefied natural gas (LNG) terminal. The LNG facility received government approval in August.
“AES is committed to the country’s economic growth and energy transition through the development of gas and renewable infrastructure,” said Andrés Gluski, AES President and CEO. “We appreciate that the government of Vietnam has selected us to advance this critical project for the country.”
The Son My 2 project is expected to be financially closed in 2021 and begin commercial operations in 2024. AES can move forward with permitting and project agreements.
Vietnam has significant coal and hydropower resources for power generation, but has lower production of natural gas, according to reports. Other investors, including Houston-based Energy Capital Vietnam, are planning LNG projects for the nation, which will need to import natural gas capacity to keep up with domestic demand.
Energy Capital Vietnam Chairman and CEO David Lewis will speak on the LNG dynamics in Vietnam and globally at POWERGEN International in New Orleans. Lewis will lead a session in the Natural Gas Knowledge Hub on Thursday morning, November 21 at the Ernest N. Morial Convention Center.
POWERGEN International runs Nov. 19-21.
(Rod Walton is content director for Power Engineering and POWERGEN International. He can be reached at 918-831-9177 or [email protected]).