US$ 4, 6 bln invested into Quang Ngai’s construction of thermal power plants

According to the People’s Committee of the central province of Quang Ngai, the Prime Minister yesterday approved the project to build four thermal power plants with capacity of 3, 00 MW in the province.

Of these, two thermal power plants are located at Tam Quang and Binh Thanh communes in Binh Son district of Quang Ngai province with operation capacity of 750 MW each.

Exxon Mobil Corporation of the United States is construction management unit. Accordingly, Exxon Mobil Group will invest a well system to separate offshore water, and pipe entrance of 88 kilometer length connecting with Chu Lai seashore
 
Vietnam National Oil and Gas Group (PVN) invest in this project with total capital of US$ 4, 6 billion. Its total turnover is estimated to be US$ 60 billion, including US$ 30 billion from gas turnover and US$ 30 billion from power receipts.
 
After finishing and put into operation, the project will send VND 3, 9000 billion to State budget per year, contributing ensuring national energy security.

By Nguyen Dac Thanh- Translated by Huyen Huong

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