An American enterprise to invest $4 billion in LNG energy project in Bac Lieu - Vietnam
A project to produce LNG energy and gas will be deployed by the US investor in Bac Lieu province. The total investment of the project is up to $4 billion.
People's Committee of Bac Lieu province and Energy Capital Vietnam have signed a memorandum of understanding (MOU) on investment in the construction of a project to supply natural gas (LNG) and LNG power plant in the coastal area of Bac Lieu province.
The project has a total investment of about 91,400 billion VND (equivalent to 4 billion USD), 3,200 MW.
According to the plan, the project will be implemented in 10 years, from 2018 to 2017 and divided into 3 phases. Phase I, to complete construction of a 1,000 MW power plant, is expected to start in 2018 and come into operation by the end of 2021. In Phase II, the construction of a new power plant with the capacity of 1,000 MW, to be operational by the end of 2024. Phase III, a distance of 1,200 MW, will come into operation in 2027.
The project will be built on an area of 100 hectares. The specific location is determined based on the study of site assessment in accordance with the requirements of the project, avoiding the use of protective forest.
According to the leadership of Bac Lieu People's Committee, the development of the project is in line with the national energy development strategy as well as the actual situation in the locality, especially when the Prime Minister approves the province to withdraw the project of Cai Cung Thermal Power Plant (Hoa Binh district) out of national electricity planning.
After the MOU signing ceremony, there will be a series of further work to be done, such as research, survey and preparation of project investment preparation procedures, reporting to relevant authorities for investment policy, Certificate of investment ...
If approved, this will be the largest foreign invested project in Bac Lieu ever. And if it is approved, this will be one of Vietnam's large scale gas projects.
Recently, in Singapore, the People's Committee of Quang Ngai ptovince and Sembcorp Group (Singapore) signed the MoU on the implementation of the Quang Ngai Electricity Project with the investment capital of over $ 2 billion.
This project was originally planned for construction of thermal power plant by Sembcorp, but after the information on Ca Voi Xanh gas field to be exploited, it was switched to gas power plant.
Quang Nam and Quang Ngai have also been approved by the Prime Minister to become the Central Electric Power Center, with a total capacity of 4 plants with a total capacity of 3,000 MW.
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