Nhon Trach 2 plant to produce 1.35 billion kWh of power in Q4
PetroVietnam’s Nhon Trach 2 Power JSC has reported that the firm will produce about 1.35 billion kWh of commercial electricity in the fourth quarter of 2016, raising its output for the year to 5.5 billion kWh.
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The company is likely to earn yearly revenue of more than VND6.2 trillion (US$280 million) and profits of about VND1.25 trillion (US$56 million).
The company also revealed that it fulfilled its 2016 target of generating 4.45 billion KWh of power on October 29, 63 days earlier than planned, pushing total power produced by Nhon Trach 2 power plant to 25.8 billion kWh after five years of operation.
In the first nine months of 2016, the plant supplied over 4 billion kWh of electricity for the national power grid, roughly equivalent to the same period last year, earning after-tax profit of VND860 billion, 124% of the same period last year.
Research into collecting and producing liquid carbon from the plant has been completed and submitted to the government for approval.
The Ministry of Industry and Trade has finalised the investment plan for the Nhon Trach 3 and 4 plants as part of efforts to deal with power shortages after 2020, especially in the southern region.
The Nhon Trach 2 combined cycle power plant has a capacity of 750MW with a general productivity of 5.5 billion kWh each year for a revenue of over VND6 trillion annually.
