The Son My 2 Power Plant is 2,250MW gas fired power project. It is planned in Binh Thuan, Vietnam. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in December 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 2,250 | – | 2,250 | Permitting | Binh Thuan, Vietnam | The AES |
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Description
The project is being developed and currently owned by The AES.
It is a combined cycle gas turbine (ccgt) power plant. The fuel will be procured from lo b o mon field, ca voi xanh field.
The project cost is expected to be around $2,236.82m.
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 December 2025.
Power Purchase Agreement
The power generated from the project will be sold to Government of Vietnam under a power purchase agreement for a period of 20 years.
About The AES
The AES Corp (AES) is a power utility. It generates, transmits and distributes electricity. The company produces energy using the hydro, pet coke, diesel, biomass, oil, solar, heavy fuel oil, landfill gas, wind, coal, gas and energy storage sources. Under power purchase agreements, it sells the electricity to utilities, industrial users and other intermediaries. AES also owns and operates electric utilities, which generate, purchase, transmit, distribute and sell electricity to serve customers in the residential, industrial, commercial and governmental sectors. The company has operational presence in North America, Asia, Europe, South America, Central America and the Caribbean. AES is headquartered in Arlington, Virginia, the US.
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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