$63m investment in Vietnamese CHP project

Ho Tram Project Company (HTP) and PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PVGasD) have signed a Memorandum of Understanding to build a cogeneration power plant worth $63 million for Ho Tram’s own projects in Vietnam.

The project will include a thermal power generation plant within the existing Central Plant Building on the company’s 164ha site.
Vietnam in map of southeast Asia
Construction is expected to begin later this year and will provide energy for Ho Tram Strip in late 2018.

Michael Kelly, HTP’s executive chairman, said with the signing of the MoU, his company would become the first tourism developer in Viet Nam to fully switch to self-generated, greener energy sources. The pioneering move saw HTP invest in a natural-gas fuelled plant that would emit less than half of the carbon dioxide and significantly less harmful particulates and carbon monoxide than coal powered systems.

Do Pham Hong Minh, PVGasD’s deputy director, said co-operation between HTP and PVGasD would come up with a reliable, scalable and environmentally friendly source of 7 MW of power together with 2,000 refrigeration tonnes capacity for air-conditioning and refrigeration capacity

Ho Tram Strip is the first resort complex in Vietnam cooperating with a domestic company on such a power station and is leading its peers in technology.

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