EVN Breaks Ground on $1.55 Billion LNG Power Plant in Quang Tri

Vietnam Electricity (EVN) and its Power Project Management Board No. 2 have officially started the construction of the Quang Trach II LNG-fired power plant, which is projected to cost more than VND40.1 trillion ($1.55 billion). Located in the Hon La Economic Zone in Quang Tri province, the facility will consist of two turbines with a combined capacity of approximately 1,613 megawatts (MW).

The first turbine is anticipated to commence commercial operations in February 2030, followed by the second unit in April 2030. Once fully operational, the plant is expected to generate around 9.5 billion kilowatt-hours of electricity annually for Vietnam's national grid.

The project will be financed through a mix of 20% equity and 80% commercial loans. EVN has finalized the contractor selection for the engineering, procurement, and construction (EPC) package, awarding the contract to a consortium made up of China Energy Engineering Corporation and Vietnam Machinery Installation Corporation (LILAMA).

The Quang Trach Power Center, which will include the Quang Trach I thermal power plant along with the Quang Trach II and III LNG plants, is designed to achieve a total capacity of about 4,500 MW. The development of these plants is expected to enhance energy security and stability in the national grid.

Source: The Investor. Read the full article.