PetroVietnam has officially become an investor in two thermal power projects in the Mekong Delta city of Can Tho.

It signed a deal with Electricity of Vietnam (EVN) on June 29 to take on the O Mon III and O Mon IV projects.

The Prime Minister agreed to change the projects’ investors to ensure construction progress.

The two projects have a capacity of 1050 MW each and are located in the O Mon Power Center in Can Tho.

The Prime Minister assigned EVN as the investor of the two projects following a decision signed in March 2016. They are listed among the important projects receiving investment priority in the National Power Development Plan VIII (PDP 8).

The two projects are currently in the process of investment preparation.

They are part of the Block B gas-electricity project chain, which is expected to be deployed this year and see the first gas flow at the end of 2026.

Under PDP 8, the Block B project chain is an important source of electricity, providing additional power to the national grid in Vietnam’s south in the 2026-2030 period.