Vietnam National Oil and Gas Group (PetroVietnam) has built two power plants and a gas pipeline in Ca Mau province, in the southern tip of Vietnam. It has also signed a cooperation agreement with the Mekong delta city of Can Tho.
|Representatives of Ca Mau province and PetroVietnam sign a cooperation agreement (Photo: SGGP)|
The projects have contributed much to the state budget, created jobs and helped socio-economic development.
PetroVietnam December 27 put into operation two 1,500 MW power plants, at a cost of $860 million, and 325km-long PM3 – Ca Mau gas pipeline.
The two power plants, Ca Mau 1 and Ca Mau 2, and the PM3-Ca Mau gas pipeline, part of the Ca Mau Gas-electricity-nitrogen fertilizer complex, were built on more than 200 hectares in Khanh An commune, U Minh District in Ca Mau province.
At the Ca Mau Gas-electricity-nitrogen fertilizer complex, PetroVietnam signed a cooperation agreement with the administrators of Ca Mau province December 27. The agreement strengthens collaboration between two sides.
The signing ceremony was witnessed by a government mission led by the Permanent Deputy Prime Minister, Nguyen Sinh Hung, who also participated in the inaugural operations of the power plants and gas pipeline.
Following the PM’s decision August 3, the oil and gas company will construct a 9 hectare development in Ca Mau city. In addition, it will develop financial and insurance services for projects carried out in the province.
The Company will also build facilities for distributing fertilizer and invest in infrastructure projects in the southern city of Can Tho after a cooperation agreement December 28.
Moreover, it will invest in environmental-friendly projects, as well as seek investment of foreign and domestic partners into the city.