The Decisions approving the plan on projects were signed on 25 October 2019.
According to Decision No. 1460/QD-TTg, the project of Dung Quat III combined gas turbine power plant is expected to be commenced in January 2022 and operated in December 2024 with a total estimated investment of VND 17,538.76 billion.
According to Decision 1461/QĐ-TTg, the project of Dung Quat I combined gas turbine power plants is planned to be commenced in 2021 and put into operation in December 2023 with a total estimated investment at VND 18,663.679 billion.
For each project, EVN’s equity is 20% of the total investment capital and the remaining 80% is the commercial loan borrowed by EVN.
The objective of investing in the construction of these two projects is to provide a stable source of power for the central electricity system and the national electricity system, contributing to ensuring energy security and safety of power supply for the system. Both projects were implemented synchronously with the gas supply schedule of the upstream project of the Blue Whale Gas Project series.
Construction scale of each plant is designed with a capacity of about 750MW. The location for constructing plants in Dung Quat Power Center is in Binh Thanh commune, Binh Son district, Quang Ngai province.
The Prime Minister assigned the Ministry of Industry and Trade to direct the Investor to carry out the upstream project to clarify the gas composition and gas parameters to ensure the progress and efficiency of investment in the whole Blue Whale Gas Project series. The Ministry of Industry and Trade will also examine, supervise and direct Electricity of Vietnam in selecting the configuration of the generation units to ensure the capacity and efficiency of investment and clarify the technological issues of the two projects, especially the combined gas turbine technology when the plant uses gas with low calorific value and high inert gas content exploited at the Blue Whale gas field.
The Prime Minister assigned the State Capital Management Committee to direct and guide EVN in implementing the next steps of investment preparation and construction of the two projects in accordance with current law regulations, ensuring that targets, progress, investment efficiency of the project and safety in the course of construction and operation of works. The Committee shall also check, monitor and clarify EVN’s capital mobilization according to the project implementation progress; on that basis, they also direct EVN to formulate financial plans for project implementation, ensure the efficiency of investment and use, preserve and develop state capital in accordance with law.
The Prime Minister asked the People’s Committee of Quang Ngai province to take responsibility for the appraisal contents of project documents; check the financial capacity of the Investor to ensure its eligibility for land allocation, land lease, conversion of land use purpose to carry out the project as per the schedule and regulations of law on investment and law on land.
EVN shall take responsibility for the information, data reported in the project documents, the efficiency of project investment, the efficiency of using, preserving and developing state capital in accordance with the law; organize the project implementation and management in accordance with the law.
Decisions in attached file.