Nghe An Selects Investors for $2.23 Billion Quynh Lap LNG Power Plant Project
Nghe An People's Committee has set criteria for selecting investors for the $2.23 billion Quynh Lap LNG power plant, which will feature a 1,500MW capacity and essential infrastructure including LNG storage and a dedicated port. Five investors, including a consortium led by PV Power and Japan's Sumitomo Corporation, are interested in the project, which aims for completion between 2025 and 2030. Investors are required to provide at least 15% equity of the total investment.
Theia Market Signal Identification - AI Assisted
Nghe An People's Committee has established scoring criteria for selecting investors for the $2.23 billion Quynh Lap liquefied natural gas (LNG) power plant. The project, located in Tan Mai ward, spans approximately 153 hectares and will have a capacity of 1,500MW, consisting of two 750MW units utilizing combined cycle gas turbine technology.
Key infrastructure includes LNG storage, a regasification system, and a dedicated port, with a projected annual fuel demand of 1.15 million tonnes of imported LNG. Investors must provide at least 15% equity of the total investment.
The project aims for completion and operation between 2025 and 2030, with a 50-year operational period. Five investors are interested, including a consortium led by PV Power, Power Generation Corporation 1, Japan's Sumitomo Corporation, and a consortium of Viet Thanh Bamboo Energy and Qatar's Gulf Petroleum.
Comments