Commitment made to bring Nghi Son LNG thermal power plant into operation in 2030

July 28, 2023 | 16:00

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Japanese energy giant JERA is committed to bringing Nghi Son liquefied natural gas (LNG) thermal power plant into commercial operation by the end of 2030, helping to ensure energy security in the northern region and achieve Vietnam's commitment of reaching net-zero by 2050.

High commitment to bring Nghi Son LNG Thermal Power Plant into operation from Q4, 2030

Deputy Prime Minister Tran Hong Ha received Steven Winn, chief global strategist and senior vice executive manager of JERA on July 27 in Hanoi

The company conceived the 1,500MW Nghi Son LNG thermal power plant in 2022, with support from the Japanese Embassy in Vietnam, and the project now fits into the nations' Power Development Plan VIII.

The project has carved a spot among the power sector's important projects with priority for implementation.

The consortium submitted a feasibility report to Thanh Hoa People’s Committee for consideration and approval in early July.

JERA Co. Inc. was incorporated from the merger of the fuel and thermal power businesses of Tokyo Electric Power Company and Chubu Electric Power Company.

Commitment made to bring Nghi Son LNG thermal power plant into operation in 2030

JERA's Kawagoe LNG plant in Japan

JERA owns and operates some of Japan’s largest thermal power plants with a total combined capacity of 70GW and is the world's largest LNG user, with over 60 years experience in the sector, five upstream projects in Australia and the US, a 20-strong fleet of LNG transportation ships, and 11 LNG receiving terminals in Japan.

JERA purchases approximately 40 million tonnes of LNG from over a dozen nations annually.

With the proven capacity and experience in implementing large-scale projects, especially in LNG, the consortium hopes for authorities to soon ratify the investment policy of the Nghi Son LNG initiative in order to put the project into operation as soon as possible.

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By Anh Duc

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