The Vietnam Electricity Power Projects Management Board 2 (EVNPMB2) awarded the contract on January 15 to a consortium of Power Engineering Consulting Joint Stock Company 1 (PECC1) and Power Engineering ...
EVN said the project also includes the construction of an LNG jetty.
The total investment will reach 52,490 billion Vietnamese dong ($2.08 billion).
EVN previously said it 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.
PetroVietnam Gas to supply LNG
In October 2024, PetroVietnam Gas, a unit of state-owned PetroVietnam, signed a memorandum of understanding to supply LNG to EVN.
The deal includes LNG supply from the Vung Ang 1 LNG terminal to the Quang Trach II LNG power plant.
Before that, PV Gas signed a deal to supply 70,000 tons of LNG to EVN.
This deal followed a government directive dated February 14, 2024, on ensuring electricity supply, and a sufficient amount of coal and gas for power generation.
It supported EVN during the peak dry season of 2024.
PV Gas launched its Thi Vai LNG terminal on October 29, 2023, after nearly 4 years of construction and commissioning.
This is Vietnam’s first LNG import terminal.
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 PV Gas plans to boost the capacity to 3 mtpa in the next stage.
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