The People’s Committee of Bac Lieu Province, Vietnam granted an investment certificate to Singapore’s Delta Offshore Energy Pte Ltd Co to develop a USD 4 billion liquefied natural gas (LNG)-fired thermal power plant in the province.
The plant will be built over 40 hectares in Vinh Hau A Commune, Hoa Binh District, Bac Lieu Province. It is designed with a production capacity of 3,200 MW, which comprises four gas turbine units with a capacity of 750 MW each and one unit with a capacity of 200 MW. Four of the gas turbines are expected to be completed at the end of 2023 and the last one in late 2027. The plant will be the biggest foreign-invested project in the Mekong Delta region, and it is expected to play a key role in transforming the province’s economy by creating thousands of local jobs and contributing thousands of billions of Dong to the local budget.
The demand for LNG in Vietnam is projected to increase to about five million tons by 2025, and further to 10 million tons by 2030 and 15 million tons by 2035. Vietnam has been developing LNG import warehouses and ports. It has also issued a legal framework for the development of Vietnam’s LNG industry, and set up priority projects based on LNG demand and investment promotion.
(Sources: VietnamNews; VietnamEnergy)