US$360Mln Deal Inked for Ca Mau Gas-Fueled Power Plant

2:38:51 PM | 16/11/2005

The Vietnam Oil and Gas Corporation (PetroVietnam) and the Vietnam Machinery Installation Corp. (Lilama) inked a US$360-million EPC contract on November 12 for the Ca Mau gas-fired power project in southernmost Ca Mau province.
The 750 MW power plant is part of the colossal US$1.2-billion Ca Mau Gas-Power-Fertilizer Complex.
Under the 25-month deal, Lilama will be the key contractor for designing, installing, and conducting the trial run.
This is Lilama’s largest EPC contract to date and one of the country’s largest power projects. Sub-contractor Siemens of Germany will supply the main equipment for the plant.
According to the contract, the open cycle including two gas turbines with atotal capacity of 505 MW would become operational by March 2007, generating 12 million kWh of electricity per day. The combined cycle with two heat receovery steam generators would become functional by the end of 2007.
Vietnam is also planning to build a 2,400 MW coal-fueled power plant in the central Phu Yen province, the biggest of its kind in Southeast Asia.
The country’s generating capacity would increase to 22,500 MW by 2010 from the current 11,360 MW, according to Electricity of Vietnam (EVN). Of which, 39.5 per cent of that would come from gas and oil-fueled plants, 38.3 per cent from hydroelectricity, 17.5 per cent from coal-run plants, and the rest from others.
After 2010, the proportion of hydroelectricity is expected to decline gradually.
Youth, VNS