ADB funds power plant in Mekong Delta

The Asian Development Bank (ADB) has approved a loan of US$309.89 million for a new 750 megawatt (MW) power plant in southern Vietnam, the bank announced in its press release on November 24.

O Mon IV will supply power to the Mekong Delta region, support expanded industrial activity, spur new livelihood opportunities, and reduce dependence on hydroelectricity tapped from other regions.

The new combined cycle gas turbine plant is one of four being developed at the O Mon thermal power complex in Can Tho city, about 250 kilometers south of Ho Chi Minh City.

The project will save approximately 600,000 tonnes of carbon dioxide emissions a year compared to coal-based alternatives, possibly qualifying the facility for carbon credits.

The plant, which is due for completion by June 2016, is estimated to cost US$793.5 million. Germany’s KfW Bankengruppe will contribute US$370 million, with state-owned Electricity of Vietnam (EVN) and the Government of Vietnam together providing almost US$113.6 million.

According to Anthony Jude, Director of ADB’s Energy Division for Southeast Asia, Vietnam’s power consumption has grown 15 percent a year over the past decade, and will continue rising at a double-digit pace for the foreseeable future.
“Vietnam desperately needs more electricity, and the additional power supply will support economic and social development in the Mekong Delta,” says Anthony Jude.

By LM

Same Category

Contract Award Notice - Capacity Building on energy efficiency policies development, implementation and EE project development for Government agencies (Package No. C2.1.13)

18/11/2024

Schneider Electric urges PH data centres to implement sustainable solutions to minimise energy consumption 04/11/2024

Schneider Electric highlights the critical need for sustainable data center design to reduce carbon emissions and enhance resilience. Through advanced digital solutions, Schneider aims to optimize energy use and drive sustainability in the data center industry.
Schneider Electric Collaborating with NVIDIA on Designs to Increase Energy Efficiency for AI Data Centers 27/10/2024

Schneider Electric expects the reference designs to address the evolving demands of AI workloads while optimizing performance, scalability, and overall sustainability
VSUEE Project Implementation Promotional Measures: Challenges and Opportunities 11/10/2024

On the morning of October 9, 2024, the Ministry of Industry and Trade, in collaboration with the World Bank, organized a roundtable discussion on "VSUEE Project Implementation Promotional Measures: Challenges and Opportunities".
Promoting the Energy Efficiency Investment Market in the Industrial Sector 01/10/2024

On the morning of September 27, 2024, in Ho Chi Minh City, the Ministry of Industry and Trade, in collaboration with the Korea International Cooperation Agency (KOICA), organized "Promoting the Energy Efficiency and Conservation Investment Market in Vietnam's Industrial Sector" seminar.
EOI Extension (#3): C2.2.2: Review and update for current EE benchmarking for 2 sub-industrial sectors 13/09/2024

About Extension (#3) Bidding Package: C2.2.2: Review and update for current EE benchmarking for 2 sub-industrial sectors, develop new EE&EC standards for 2 sub-industries and technical guidelines development for those sectors.
Training energy experts on boiler system optimization 02/07/2024

June 25 - 28, 2024 in Hanoi, the Ministry of Industry and Trade coordinated with the United Nations Industrial Development Organization (UNIDO) to organize a training course for experts on optimizing steam systems in industry.
Technical consultation seminar on VAS's findings 02/07/2024

On the morning of June 26, 2024, in Hanoi, the Ministry of Industry and Trade collaborated with the Danish Energy Agency and the Embassy of Denmark to organize a Consultation Workshop on "Selected Guidelines of the Voluntary Agreement Scheme (VAS) Operation Manual and VAS Findings”.
Optimizing Compressed Air Systems for Southern Industrial Enterprises 22/05/2024

On May 14-15, 2024, in Ho Chi Minh City, the Ministry of Industry and Trade, in cooperation with the United Nations Industrial Development Organization (UNIDO), conducted a training course on optimizing compressed air systems in industry.