The O Mon IV plant will provide a more reliable supply of power to the Mekong Delta, support expanded industrial activity, reduce dependence on hydroelectricity tapped from other regions.
Project worth $$793.5m is aligned with Viet Nam’s power sector development plan, which aims at 60,000MW by 2020.
Germany’s KfW Bankengruppe will provide $370m, with state-owned Electricity of Viet Nam and the Government of Viet Nam together providing $113.6m.
The gas turbine plant will save about 600,000 tons of carbon dioxide emissions per year compared to coal-based alternatives, possibly qualifying the facility for carbon credits.
The project is scheduled for completion by June 2016.
