Approval of adjustment of investment policy for Quang Trach II LNG Thermal Power Plant Project

On September 5, the People's Committee of Quang Binh Province held a ceremony to hand over the decision on approving the adjustment of the investment policy of Quang Trach 2 LNG Thermal Power Plant Project (QTTPPP) of Vietnam Electricity Group (EVN).

Quang Trach II Thermal Power Plant Project was approved by the Prime Minister in Decision No. 215/QD-TTg dated February 18, 2021, using coal as fuel. The project has a capacity of 1,200 MW, with a total investment of VND 48,156 billion; applying condensing thermal power technology using pulverized coal-fired boilers with supercritical steam parameters.

After the Prime Minister approved the Power Plan VIII, Vietnam Electricity/Power Project Management Board No. 2 (PBMB2) implemented the procedures to adjust the project investment policy.

Vice Chairman of Quang Binh Provincial People's Committee Phan Phong Phu making speech

Accordingly, QTTPPP has a total capacity of 1,500MW, a total investment of about VND 52,490 billion, using combined cycle gas turbine technology, and so on.

EVN’s Vice President Nguyen Tai Anh making speech

In parallel with the work of adjusting the investment policy, EVN and PBMB2 are focusing on preparing a feasibility study (FS) report and are expected to complete the approval of the FS in the first quarter of 2025 to serve as a basis for implementing the next steps.

At the ceremony, EVN leaders hoped to continue receiving attention, direction, and support from local authorities and people, so that EVN can perform well its assigned tasks in investing in building power source and grid infrastructure as well as ensuring power supply, contributing to the country's industrialization and modernization.

Speaking at the ceremony, Vice Chairman of Quang Binh Provincial People's Committee Phan Phong Phu emphasized that QTTPPP is a key project of the province, of strategic importance to the socio-economic development of Quang Binh province in general and Hon La Economic Zone in particular. The project implementation aims to realize the objectives of Power Plan VIII and the General Plan of Quang Binh province for the period 2021-2030, with a vision to 2050. When the project comes into operation, it will contribute to promoting the socio-economic development of the province, increasing the annual budget revenue by about VND 1,500 billion, and creating jobs for workers in Quang Binh province.

Quang Binh Provincial leaders presenting Decision approving adjustment of investment policy to Vietnam Electricity and PBMB2.

When put into operation, Quang Trach II LNG Power Plant will contribute about 9 billion kWh per year, contributing to ensuring and improving the reliability of electricity supply, and improving the quality of electricity; at the same time contributing to ensuring voltage quality, improving the reliability of the regional power system.

Quang Trach II LNG Thermal Power Plant Project:

- Investor: Vietnam Electricity

- On behalf of the investor, managing and operating the project: Power Project Management Board No. 2

- Capacity: 1,500MW, including 2 units, each unit has a capacity of 750MW (the exact capacity of the plant will be specifically determined following the capacity of the unit during the project implementation phase)

- Applied technology: Combined cycle gas turbine technology

- Fuel supply: Construction of 01 LNG berth.

- Expected construction commencement: Quarter III/2025

- Power generation of unit 1: Quarter IV/2028

- Power generation of unit 2: Quarter I/2029

- Project completion: Year 2030.


  • 05/09/2024 05:12
  • Translator: Mạnh Hùng
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