AES receives the Investment Policy Decision for 2.2 GW Son My 2 CCGT plant in Vietnam
Binh Dinh Province, 05 February 2023 - AES received the investment policy decision for Son My II combined cycle gas turbine (CCGT) project from Minister of Industry and Trade Nguyen Hong Dien at the Conference on Investment Promotion and on the action plan to implement Resolution No. 26-NQ/TW of the Politburo, which took place in Quy Nhon City, Binh Dinh Province. The conference was attended by Prime Minister Pham Minh Chinh, Minister of Planning and Investment Nguyen Chi Dung, Minister of the Ministry of Industry and Trade Nguyen Hong Dien, and other government officials.
The Son My 2 CCGT power plant has total capacity of 2.2 GW and will be located in Binh Thuan Province. The $1.8 billion plant will have a 20-year contract with the Government of Vietnam.
Speaking at the conference, Mr. Joseph Uddo, President, AES Vietnam said, “The investment policy decision of the Son My 2 CCGT is a significant milestone enabling us to move ahead with the development of the Son My 2 power plant. We are honored to receive the approval in this significant event today on the action plan to implement the Resolution No. 26-NQ/TW of the Politburo, which recognizes the importance of the Son My 2 CCGT power plant project in ensuring energy security, promoting international investment and the socio-economic development of Vietnam”.
Son My 2 complements AES’ investment plans in gas infrastructure in the country together with the previously announced $1.4 billion Son My LNG import terminal, a joint venture with Petrovietnam Gas JSC (PV Gas), received the Investment Registration Certificate in May 2022 from the Government of Vietnam. Together, the plant and terminal will play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG, as well as meeting the country’s increasing demand for sustainable and affordable electricity.
For more information, please contact:
Cao Huyen Thuy,
Communications Analyst, AES Vietnam