The event is not only an important milestone for Vietnam's energy industry but also a testament to effective and sustainable international cooperation.

Phu My 2.2 Power Plant (PMPP) is the first Build-Operate-Transfer (BOT) project in Vietnam licensed through an international bidding procedure. With a total investment of USD 400 million, the project is supported by 3 leading corporations in the world: EDF (France), Sumitomo and JERA (Japan).

This is also the first project to be fully funded by foreign investors, including prestigious organizations such as the Japan Bank for International Cooperation (JBIC), the Asian Development Bank (ADB), and Proparco.

Phu My 2.2 Power Plant

Being located in Phu My town, Ba Ria - Vung Tau province, PMPP with a capacity of 715 MW has met the urgent energy needs of Southern Vietnam in the context of strong economic growth.

Using advanced combined-cycle technology, the plant has contributed to increasing power generation efficiency, reducing greenhouse gas emissions, and effectively exploiting natural gas resources from Nam Con Son mine.

Throughout its 20 years of operation, PMPP has generated more than 91 TWh of electricity, accounting for a significant portion of the country’s total electricity output. The plant has also made many technical records, including an annual availability of 94.8% in 2022 and a streak of 152 consecutive days of 100% reliability in 2023. These achievements reflect the commitment and efforts of international partners in bringing sustainable value to Vietnam’s energy sector.

In addition to its technical and operational contributions, PMPP is also a testament to international collaboration in building a solid foundation of social responsibility. Over the past 20 years, Mekong Energy has implemented 54 CSR projects, especially in the field of children’s education, while creating a strong relationship with the local community.

As planned, on February 4, 2025, PMPP will be transferred to Vietnamese competent authorities and Vietnam Electricity (EVN). This transfer process is carefully prepared, including human resource training activities, equipment maintenance, and close cooperation between related parties.

According to Mr. Augusto Soares Dos Reis, Director of Mekong Energy Company Limited, the transfer of the plant not only ensures continuity in management but also opens up opportunities to develop green energy projects in Vietnam.

Translator: Mạnh Hùng