Vietnam will select an investor for the $2.5 billion Nghi Son LNG Power Plant by October

A provincial official in Vietnam's Thanh Hoa Province said that authorities plan to select a developer for a $2.5billion LNG-fired energy plant by October through a competitive bidding process.

The Nghi Son LNG Power Plant, located in the Nghi Son Economic zone of the province, would have a capacity of 1.5 gigawatts. It would begin commercial operations in 2030.

Nguyen Tuan, the deputy director for the zone, said that the bids would be opened on 30 September and the investor's name would be announced in mid-October or at the end of October.

Tuan said that the project will also include a LNG terminal, storage and regasification facility.

In March, the state media reported that five groups had been selected as potential investors. These included Korea Southern Power and Korea Gas Corp., Daewoo Engineering & Construction; Gulf Energy Development, SK E&S; and some Vietnamese firms.

The electricity-hungry Vietnam is aiming to build 13 LNG power stations with a combined capacity of 22. 4 GW by 2030.

It is unlikely that you will meet

The country is aiming to make super-chilled gasoline affordable, but power producers and investors are not happy. (Reporting and editing by Kim Coghill, Niveditarjee and Khanh Vu)

(source: Reuters)