Thanh Hoa is about to have a LNG thermal power plant worth more than 2.4 billion USD

The 3rd largest project in Thanh Hoa province

After large investment projects such as Nghi Son Petrochemical Refinery with 9 billion USD, Nghi Son 2 BOT Thermal Power Plant with nearly 2.8 billion USD, Thanh Hoa province is about to have Nghi Son LNG Thermal Power Plant project with a total investment of more than 2.4 billion USD.

A corner of Nghi Son Economic Zone

On February 29, information from the Thanh Hoa Provincial Party Committee Office said that the Standing Committee of the Thanh Hoa Provincial Party Committee met and officially agreed on the investment policy for the Nghi Son LNG thermal power plant project in Nghi Son Economic Zone (Nghi Son Town, Thanh Hoa).

As planned, the Nghi Son LNG thermal power plant project will build an LNG power plant with a capacity of 1,500 MW; an LNG gas import port; and a breakwater about 1 km long.

In addition, it also invests in auxiliary works serving the LNG import port, such as: LNG storage, onshore regasification station with a capacity of about 230,000 ^m3 ; regasification station with a capacity of about 1.2 million tons/year; gas pipeline system from the regasification station to the LNG power plant, with a capacity of about 1.2 million tons/year...

The project is expected to cover an area of ​​about 68.2 hectares, in the southern area of ​​Nghi Son Economic Zone, located in Hai Ha Commune (Nghi Son Town). The project has a total investment of more than 2.4 billion USD (about more than 58,000 billion VND). The project's operating period is 50 years, and commercial operation before 2030.

Up to now, the Management Board of Nghi Son Economic Zone and Industrial Parks of Thanh Hoa province has received the application for approval of the investment policy of Nghi Son LNG thermal power plant project from 5 investors, including: Investor consortium JERA Co.Inc and Sovico Group Joint Stock Company; Investor consortium Korea Southern Power Corporation (KOSPO), Korea Gas Corporation (KOGAS), Daewoo Construction and Engineering Corporation (Daewoo E&C) and Anh Phat Construction and Trading Investment Corporation - JSC (APT); investor Gulf Energy Development Public Company Limited; investor SK E&s Co., Ltd; Investor consortium Vietnam Oil and Gas Power Corporation - JSC (PV POWER) and T&T Group Joint Stock Company ( T&T Group ).

The project will select investors through bidding, and the expected time to start organizing investor selection is in the second quarter of 2024.

Mr. Do Trong Hung, Secretary of Thanh Hoa Provincial Party Committee, said that the Nghi Son LNG thermal power plant project is the third largest investment project in Thanh Hoa province, after Nghi Son Oil Refinery and Nghi Son 2 BOT Thermal Power Plant.

Mr. Hung also requested the Party Committee of Thanh Hoa Provincial People's Committee to lead the Provincial People's Committee to carry out project procedures strictly and in accordance with legal regulations. In particular, the bidding process must take place in a fair, public, and transparent manner.

Cong Thanh Thermal Power Plant continues to request to switch to LNG thermal power plant

Thus, in addition to implementing steps to invest in the above project, Thanh Hoa province may also have a second LNG thermal power plant as the province and Cong Thanh Thermal Power Joint Stock Company are continuing to request the Government to approve the conversion from a coal-fired thermal power project to imported LNG.

After 13 years of construction, the Cong Thanh thermal power plant project has just built a gate and part of the fence.

As Thanh Nien also reported, in March 2011, Cong Thanh Thermal Power Joint Stock Company started construction of the Cong Thanh Thermal Power Plant project, with a scale of more than 60 hectares (located in Hai Yen Commune, Nghi Son Town; located in Nghi Son Economic Zone). The plant has a capacity of 600 MW, with a total investment of about 1.2 billion USD.

According to the plan, Unit 1 (capacity 300 MW) will be completed and put into operation in the first quarter of 2014; Unit 2 (300 MW) will be completed and put into operation in the third quarter of 2014. However, 13 years have passed since the start of construction in 2011, but this billion-dollar project has only basically completed the site clearance and compensation work, leveling the ground for the main factory area; and built a gate and part of the fence system around the land.

The reason for the project's delay is that the investor is facing financial difficulties, and currently coal-fired thermal power investment is no longer an encouraged investment field for credit institutions; the development of coal-fired thermal power is no longer consistent with the Politburo's policy.

Faced with the above situation, in 2023 and recently in early 2024, Cong Thanh Thermal Power Joint Stock Company and Thanh Hoa Provincial People's Committee have repeatedly sent documents to the Prime Minister and the Ministry of Industry and Trade requesting permission to switch from a coal-fired thermal power project to imported LNG with an output of 1.2 - 1.5 million tons/year; the plant's capacity after fuel conversion increases from 600 MW to 1,500 MW; the annual electricity output to the national grid increases from 3.9 billion kWh to 9.0 billion kWh; the total land use area of ​​the project increases from 92.99 hectares to 197.3 hectares; and the total investment capital increases from 1.2 billion USD to 2 billion USD.

However, as of February 29, the proposal to convert the Cong Thanh thermal power project from coal-fired thermal power to LNG gas has not been approved.

Source link: https://thanhnien.vn/thanh-hoa-sap-co-nha-may-nhiet-dien-lng-hon-24-ti-usd-185240229154657723.htm