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$2.3-bln power plant gets greenlight

By Hoang Tao   October 9, 2021 | 05:26 am PT
$2.3-bln power plant gets greenlight
The Southeastern Economic Zone in central Quang Tri Province where Hai Lang liquefied natural gas-fired power plant will be built. Photo by VnExpress/Quang Ha
Central Quang Tri Province has approved the construction of a 1,500-megawatt liquefied natural gas-fired power plant with investment of nearly VND54 trillion (over $2.3 billion).

Provincial authorities have just given its decision on investment to a consortium of one Vietnamese firm and three South Korean-invested companies to build the power plant in Hai Lang District.

Covering a land area of 120 hectares and a sea surface area of some 100 hectares in the Southeastern Economic Zone, the Hai Lang power plant will be built from 2023 to 2027.

The four investors include T&T Group from Vietnam, which contributes 40 percent of the total investment, and the rest from Hanwha Energy Corporation, Korea Southern Power and Korea Gas Corporation.

After the project’s first phase is complete by the first quarter of 2027, the power plant’s capacity is scheduled to double to 3,000 megawatts, though the exact timeframe for the second phase has not been given.

Quang Tri is set to become an energy hub in the central region by 2030.

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