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What will be the scale of the LNG power project in Hai Phong?

Vingroup has proposed the Government to implement the Hai Phong LNG Power Plant Project with a capacity of 5,000 MW, total investment of about 5.5 billion USD with implementation period in 2025 - 2030.

Báo Đầu tưBáo Đầu tư29/12/2024

Vingroup Corporation has proposed to add the Hai Phong LNG Power Project to the adjusted Power Plan VIII to compensate for the capacity of several large thermal power plants that cannot be implemented, such as Nam Dinh I BOT Thermal Power Plant (1,200 MW), Quang Tri BOT Thermal Power Plant (1,320 MW); Song Hau II BOT Thermal Power Plant (2,120 MW).

This proposal of Vingroup was made in Official Dispatch 111/2025/CV-VGD-PTDA dated March 12, 2025.

Previously, in Table 1, Appendix II of Decision 500/QD-TTg approving the Power Plan VIII, the List of LNG thermal power plants was announced. However, among the 15 LNG power projects, with a total capacity of 25,524 MW in specific localities listed in Table 1, there is no LNG power project located in Hai Phong City.

Previously, in Document No. 39/TB-VPCP dated February 11, 2022, announcing the Conclusion of Prime Minister Pham Minh Chinh at the working session with the leaders of Hai Phong City, it was also mentioned that "Hai Phong City focuses on researching green energy, clean energy, especially offshore wind energy, therefore, the research and development of LNG power projects should be reserved for other localities, ensuring a harmonious balance of energy development between regions".

Cai Trap Island is a location proposed by Hai Phong City to locate an LNG power plant.

However, the aspiration to have an LNG power project is still pursued by Hai Phong City.

The Ministry of Industry and Trade also said that on March 17, 2025, the People's Committee of Hai Phong City proposed adding the LNG power project to the adjusted Power Plan VIII, with a capacity of 1,600 MW by 2030, adding an additional 3,200 MW in the 2030-2050 period.

The reason for the proposal is that Hai Phong has the advantage of being close to the load center (the maximum capacity Pmax of Hai Phong City in 2030 and 2035 will reach about 3,300 MW and 5,400 MW respectively; while Hai Duong will reach 2,300 MW and 3,700 MW. The transmission distance is about 100 km (much shorter than the transmission distance from some sources in the North Central - North, about 400-500 km), the location of the LNG port warehouse in Hai Phong has some advantages compared to neighboring locations in the North (from Ninh Binh to Quang Ninh) in many aspects overall.

Assessing this proposal of Hai Phong City, the Review Report on Completion of Adjustment of Power Planning VIII of the Ministry of Industry and Trade on March 19, 2025 also provided specific analysis.

According to the Ministry of Industry and Trade, to ensure electricity supply for the period up to 2035, the North needs to develop an additional 7,900 MW of new LNG power sources compared to the Power Plan VIII approved under Decision No. 500/QD-TTg.

However, the Ministry of Industry and Trade also said that the development of the LNG power project in Hai Phong City also needs to consider a number of factors such as: Hai Phong is the landing location of offshore wind power sources in the North (about 7,200 MW by 2035), so there needs to be a plan to release the capacity of the offshore wind power complex and suitable LNG power.

In addition, the transmission grid projects through Hai Phong area in recent years have been behind schedule due to various problems, especially compensation and site clearance; the benefits of transporting LNG through the port compared to other goods; the infrastructure system of Nam Do Son port is a newly built port; the issue of balancing regional development, giving priority to provinces with difficulties in socio-economic development and the need to ensure an optimal power source structure and development principles approved by the Appraisal Council and the Government Standing Committee such as "no further development of LNG gas power sources after 2035" to achieve the goal of net emissions of "0".

Therefore, it is necessary to balance the reduction of LNG power sources at other locations in the region.

With the above analysis, the Ministry of Industry and Trade believes that it is possible to consider putting the Hai Phong LNG Power Project, with a capacity of 1,600 MW, into operation in the 2031-2035 period instead of the planned location in Thai Binh.

Despite this proposal, the Ministry of Industry and Trade also recommended keeping the Thai Binh LNG Power Project Phase 2 in the list as a backup in case other power sources in the region are behind schedule.

Source: https://baodautu.vn/du-an-dien-khi-lng-tai-hai-phong-se-co-quy-mo-the-nao-d260816.html


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