PetroVietnam, the state-owned oil and gas group, broke ground Sunday on a 5,200-megawatt power system.
The state-owned energy consortium broke ground on the smallest of the three-plant Song Hau, on July 18. The 1,200-megawatt Song Hau 1 Thermal Plant with a cost an estimated US$1.5 billion.
It's 2,000 megawatt sister plants (Song Hau 2 & 3) will be developed with the help of international partners.
The three-plant center will occupy 367 hectares; it is projected to go online by 2016.
PetroVietnam has already developed a 1,500 megawatt electrical plant in Ca Mau Province and plans to throw up thermal plants in Thai Binh, Quang Binh and Soc Trang provinces. It also has proposed a 1,110 megawatt hydro plant in Laos. The Song Hau project represents the consortium's largest investment in electro-power to date.