Thanh Hoa Seeks Investor for $2.1 Billion Nghi Son LNG Thermal Power Plant
Thanh Hoa province is actively seeking an investor for the $2.1 billion Nghi Son LNG-fired thermal power plant, highlighting the project's critical role in energy security. Following procedural delays and fluctuations in the global energy market, authorities reopened bidding in April 2025 after a previous cancellation, but no investor has been selected yet. Five bidders, including notable firms from Japan, South Korea, and Thailand, had previously shown interest in the project.
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The Nghi Son LNG-fired thermal power plant in Thanh Hoa province is awaiting an investor selection following a meeting on January 5. Thanh Hoa People's Committee Chairman Nguyen Hoai Anh emphasized the project's importance for energy security and investment attraction, labeling the selection of an investor as urgent.
Delays have stemmed from procedural barriers, technical requirements, and fluctuations in the global energy market. In April 2025, authorities reopened bidding for the project after a previous cancellation in October 2024 due to legal updates, but no investor has been chosen yet. Five bidders had previously expressed interest, including a joint venture of Japan's JERA Co Inc. and Vietnam's Sovico Group, a consortium led by Korea Southern Power Company, Thailand's Gulf Energy Development, South Korea's SK E&s Co Ltd, and a joint venture of PV Power and T&T Group.
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