On June 9, Ha Tinh Provincial People's Committee just issued decision No. 22 approving the investment policy, and at the same time approving the investor to implement the Vung Ang III LNG Thermal Power Plant project in Hoanh Son ward.
The investor implementing the project is a consortium of Vietnam Oil and Gas Power Corporation - JSC (PV Power), Vietnam Machinery Installation Corporation - JSC (Lilama) and B.Grimm Power Public Company Limited (Thailand).
The project is planned on an area of 67.67ha, including 51.71ha of land and 15.96ha of sea surface with the goal of electricity production, transmission and distribution.
According to the approved plan, Vung Ang III LNG Thermal Power Plant has a designed capacity of about 1,500 MW, including 2 units (each unit with a capacity of 750 MW) along with a synchronous technical infrastructure and connection system according to the plan.
The total estimated investment capital of the project is 51,430 billion VND. The project's operating term is 50 years from the date the state allocates land, leases land and water surface.
According to the approved schedule, unit No. 1 is expected to be commercially operated in the first quarter of 2031; unit No. 2 is expected to be commercially operated in the second quarter of 2032.
The Vung Ang III LNG Thermal Power Plant project, when completed, will supplement a large-capacity power source for the national power system, contributing to meeting the increasing electricity demand of the North Central region and the whole country.
