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The provincial government handed over the approval to EVN during a ceremony held on September 5.
In 2021, Vietnamese government approved the 1200 MW Quang Trach II coal-fired power plant with a total investment of 48,156 billion Vietnamese dong ($1.96 billion).
However, EVN proposed after that to amend the project and to switch from coal to LNG.
The project was included in the national power development plan VIII (PDP VIII) issued in May 2023.
According to a statement by EVN, the Quang Binh government approved the adjustment of the investment policy in a decision dated September 4, 2024.
The Quang Trach II power plant will have a capacity of 1,500 MW, using the combined cycle gas turbine (CCGT) technology. It will feature two units with a capacity of 750 MW.
EVN said the project also includes the construction of an LNG jetty.
The total investment will reach 52,490 billion Vietnamese dong ($2.12 billion).
EVN expects to complete the project’s feasibility study in the first quarter of 2025, and to start construction in the third quarter of 2025.
The power utility aims to launch the first unit in the fourth quarter of 2028, the second unit in the first quarter of 2029, and to complete the project in 2030.
Vietnam LNG imports
Earlier this year, PetroVietnam Gas, a unit of state-owned PetroVietnam, signed a deal to supply LNG to EVN.
PV Gas said at the time that the LNG volumes will be supplied to the Phu My 3 thermal power plant during April-May, making up for about 500 million kWh to the power system.
The company officially launched its Thi Vai LNG terminal in the coastal area southeast of Ho Chi Minh City in October last year after nearly 4 years of construction and commissioning.
In July 2023, LNG giant Shell delivered the commissioning LNG cargo to the terminal from Indonesia’s Bontang LNG plant.
The Thi Vai LNG import facility consists of one 180,000-cbm LNG tank, a jetty, and regas area.
The terminal has a capacity of 1 mtpa in its first phase, but PetroVietnam Gas plans to boost the capacity to 3 mtpa in the next stage.
Besides this facility, the Cai Mep LNG terminal, located in Vung Tau district in South Vietnam, is expected to be launched later this year, according to AG&P LNG.
Earlier this year, Nebula Energy’s AG&P LNG purchased a 49 percent stake in the Cai Mep facility from Vietnam’s Hai Linh.
The terminal has pipeline connectivity to Vietnam’s largest power generation complex, the Phu My industrial zone, with a gas-fired capacity of 3.9 GW.
It is located near the Mekong River Delta and has three onshore tanks totaling to a capacity of 220,000 cbm of LNG storage, and LNG breakbulk capabilities that allow it to reload LNG into smaller vessels.
