The investors of two Gas Power projects in Block B - O Mon chain will be transferred from EVN to PVN

On the morning of May 29, Deputy Prime Minister Tran Hong Ha chaired a meeting for listening to implementing chain Block B - O Mon of the gas power project.

At the meeting, leaders of the Committee for Management of State Capital at Enterprises, EVN, and PVN reported and discussed difficulties and obstacles in the process of implementing 2 gas thermal power projects O Mon 3, and O Mon 4 such as the sustainable investment capital for exploiting, transporting and using gas during the life cycle of the 2 projects.

Notably, EVN is currently facing great difficulties in using ODA capital for the O Mon 3 project, as well as the ability to mobilize commercial loans for the O Mon 4, making these projects may be behind the overall implementation progress of the Project Chain. Besides, a mechanism to mobilize electricity to the grid for consuming all output of the gas power production while the costs of EVN gas electricity are higher than the EVN selling prices.

The meeting strongly agreed to propose the Prime Minister agree to transfer the investor of O Mon 3 and O Mon 4 gas-fired thermal power projects from EVN to PVN. Photo: VGP/Minh Khoi.

After listening to discussions, Deputy Prime Minister Tran Hong Ha stated that it is very important to remove difficulties and accelerate the progress of O Mon 3 and O Mon 4 gas-fired thermal power projects, ensuring the smooth, synchronous, and efficient operation of the Block B - O Mon gas power chain.

Sharing difficulties, awareness, and responsibility of EVN in implementing 2 gas-fired thermal power projects O Mon 3, O Mon 4, meeting with high consensus proposed the Prime Minister, according to his authority to agree to transfer the investor of these projects from EVN to PVN.

The Deputy Prime Minister proposed the relevant enterprises, ministries and agencies to urgently implement the following contents:

Firstly: EVN should cooperate closely with PVN to urgently transfer all implementation results and the obligations and responsibilities of the investor related to the O Mon 3 and O Mon 4 gas thermal power projects.

Secondly: The Committee for Management of State Capital at Enterprises, and the Ministry of Industry and Trade cooperate in solving financial and technical issues during the transfer of the two projects. On the other hand, to guide, direct, urge, and inspect the implementation of EVN and PVN for reporting to the Prime Minister on matters beyond his authority.

Thirdly: The Ministry of Planning and Investment is responsible for guiding the Can Tho City People's Committee to fully implement the transfer policy of the investor of the O Mon 3 and O Mon 4 gas-fired thermal power plants from EVN to PVN.

Fourthly: PVN will urgently complete procedures for

mobilizing capital to complete investment preparation promptly, and select contractors to implement 2 projects. Considering and calculating the gas distribution in Block B - O Mon chain for avoiding risks, and preventing possible situations in the future, in order to ensure the investment efficiency of the State.

Fifthly: The Ministry of Planning and Investment to coordinate with the Committee for Management of State Capital at Enterprises and the Ministry of Finance to propose a plan to remove difficulties and obstacles to transferring ODA capital for O Mon 3 gas-fired thermal power project from EVN to PVN in accordance with regulations.