The 750 megawatt gas-to-power project invested by Sembcorp Industries' (Sembcorp) subsidiary Sembcorp Utilities comes closer to implementation through the signing of a memorandum of understanding (MOU) between the investor and the Quang Ngai People’s Committee.
|750MW gas-to-power project of Sembcorp comes closer to implementation |
The signing ceremony occurred in the framework of Vietnam-Singapore Business Forum 2018, which was organised in Singapore on April 26 during Prime Minister Nguyen Xuan Phuc's official visit to Singapore.
This move follows the signing of an MOU between Sembcorp and the Ministry of Industry and Trade (MoIT) in March 2017 for the development of this gas-to-power project under a 20-year build-operate-transfer arrangement.
To date, Sembcorp has completed its feasibility study and submitted it to MoIT earlier this year for further review and evaluation.
Koh Chiap Khiong, head of Singapore, Southeast Asia, and China at Sembcorp, said, “We are committed as a long-term investor to Vietnam and hope to grow our offerings as an integrated energy player to support Vietnam’s move to cleaner energy sources to power the nation’s economic growth.”
At present, the province is co-operating with the company to push relevant ministries and stakeholders to speed along the process as well as promote the project to ensure progress and quality.