36901-014: VIE: PHU MY 3 POWER

Project Data Sheet (PDS): Overview


Description

The Project is a 716.8 MW gas-fired combined-cycle power plant on a build-operate-transfer (BOT) basis at the Phu My Power Generation Complex in Ba Ria-Vung Tau Province. Electricity generated from the Project is sold to Electricity of Vietnam (EVN) on a take-or-pay basis for 20 years under a power purchase agreement. PetroVietnam Gas Corporation (PVGas) supplies the Project with natural gas from the Nam Con Son Gas Basin for 20 years under a gas supply agreement. The plant will be transferred to the Government of Vietnam at the end of the BOT period. The Project is a high-priority undertaking for the Government as an integral part of the country's least-cost power generation expansion program and also the Integrated Gas-Power-Urea Project in Ba Ria-Vung Tau, a national key project. The Government has guaranteed the availability, convertibility, and transferability of foreign exchange and the performance obligations of the Vietnamese counterparties under the project agreements. Read More

Country Viet Nam
Borrower/Equity Investment Name
Project Number 36901-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Numbers 7178/1923
Approval Date 18 Oct 2002
Closing Date 31 Aug 2004
Geographical Location Ba Ria-Vung Tau Province
Sector Energy
Subsector Conventional energy generation
Safeguard Categories Environment: A

Results Delivered

Installed energy generation capacity (megawatt equivalent) 717
Greenhouse gas emission reduction (tons of carbon dioxide equivalent per year) 2,565

The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Kevin Moss
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 2

PDS Creation Date
21 Aug 2006

Last PDS Update
07 Aug 2014

SEARCH/BROWSE PROJECTS