Nghe An People's Committee has issued a set of criteria for selecting investors for the US$2.23bn, 1,500 MW Quynh Lap LNG-fired power plant, in the Nghe An Province of Vietnam. The power plant will feature two 750 MW units using combined cycle gas turbine (CCGT) technology, and the project also includes LNG storage facilities, a regasification system, a dedicated port, and integrated technical infrastructure. The project will require around 1.5 Mt/year of LNG to operate, and is scheduled for completion and operation between 2025 and 2030, with a stated operating period of 50 years.
So far, five investors have expressed interested in the project, including a consortium of PV Power (part of the state-owned oil and gas group PetroVietnam), Nghe An Sugar, and SK E&S, EVN's subsidiary Power Generation Corporation 1, Sumitomo Corporation and a consortium comprising Viet Thanh Bamboo Energy Investment and Qatar’s Gulf Petroleum.