Samsung C&T announced in a statement that it has won the combined cycle power plant project for Nhon Trach Units 3 and 4 ordered by Petro Vietnam Electric Power, a subsidiary of Petro Vietnam.
This project is the first high-efficiency gas combined cycle power plant project ordered by the Vietnamese government.
Samsung C&T will build a 1600 MW high-efficiency gas combined cycle power plant in the Ong Keo industrial complex located 23 km southeast of Ho Chi Minh City.
Samsung C&T plans to build a gas turbine, a steam turbine, and two heat recovery boilers each, as well as a substation and transmission line.
The total construction cost is 835 million dollars (1 trillion won), of which Samsung C&T leads the construction with 510 million dollars (610 billion won).
Samsung C&T succeeded in winning this order through a competitive bid proposal based on locally recognized technology and partnership while successfully carrying out the construction of Thi Vai LNG Terminal, Vietnam’s first LNG terminal project.
Thi Vai LNG terminal is being built 70km away from the Nhon Trach power plant and will supply gas for power generation after completion.
The Vietnamese government said last year that it plans to invest more than $100 billion in power grid expansion by 2030.
Samsung C&T’s participation in Vietnam combined cycle power plant-related projects is expected to expand further in the future.
“In Vietnam, energy conversion centered on combined cycle power plants is in progress according to the eco-friendly national power development plan,” said a Samsung C&T official. “Through this order, Samsung C&T plans to participate in the combined cycle power plant and LNG terminal-linked projects in Vietnam in the future.”