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November 22, 2021

Mui Ke Ga Gas Fired Power Project, Vietnam

By Carmen

The Mui Ke Ga Gas Fired Power Project is 3,200MW gas fired power project. It is planned in Binh Thuan, Vietnam. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 3,200 3,200 Permitting Binh Thuan, Vietnam Energy Capital Vietnam; Korea Gas

Description

The project is being developed by Energy Capital Vietnam and Korea Gas. These companies also have ownership stakes in the project.

It is a thermal power plant. The fuel will be procured from gunvor international bv.

The project cost is expected to be around $5,000m.

Development Status

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The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.

About Korea Gas

Korea Gas Corp (KOGAS) is a vertically integrated natural gas company that operates in upstream, midstream and downstream segments of the natural gas industry. It explores for, produces and distributes natural gas. KOGAS also purifies and sells by-products; imports and exports natural gas and liquefied natural gas (LNG); and constructs and operates LNG terminals and natural gas distribution network. The company explores for and produces natural gas in the Middle East, South East Asia, Africa, Russia, and Oceania regions. It operates LNG terminals and a pipeline network and imports LNG and sells it to city gas companies, gas utility companies and power generation companies. KOGAS is headquartered in Daegu, Republic of Korea.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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