Doosan wants to develop LNG project

This was according to sentiments expressed by Kim Bong Jun, deputy general director of Doosan, during a meeting between the South Korean delegation and EVN in April.

EVN general director Nguyen Anh Tuan said, "Doosan can participate in the bidding for some of the project's main packages as soon as EVN completes regulatory approval procedures."

The project is part of Quang Trach Power Centre in the central coastal province of Quang Binh, which includes the Quang Trach 1 coal-fired power plant, also being developed by EVN.

The government approved the Quang Trach 2 project in 2021, initially as a coal-fired plant, with EVN assigned as the developer. The initial estimated cost was VND48.2 trillion ($1.9 billion), with 20 per cent coming from EVN equity and 80 per cent from loans.

Quang Trach 2 was approved under Power Development Plan VIII to transform into an LNG-to-power project, with a higher capacity of 1,500MW. EVN is now working with Quang Binh to update the project’s legal documents for the change. Last August, the Ministry of Industry and Trade asked relevant sides to speed up Quang Trach 2 to begin construction at the end of 2024.

In addition, earlier this year, Quang Binh People’s Committee also asked Quang Trach District People’s Committee to resolve pending issues relating to land clearance, compensations, and resettlement so that EVN can start construction on time.

Doosan wants to expand its eco-friendly energy portfolio in Vietnam, as one of its future strategies is to enter the potential clean energy market here. The South Korean group signed an MoU on pursuing eco-friendly fuel conversion projects with three local operators of thermal power plants in Vietnam last June.

EVN starts construction of $2 billion Quang Trach 1 thermal power plant Electricity of Vietnam officially started construction on Quang Trach 1 thermal power plant on December 13 to start operation in 2025.

500 kV transmission line Vung Ang-Quang Trach-Doc Soi-Pleiku 2 officially energises Energising the third circuit of the 500kV transmission line Vung Ang-Quang Trach-Doc Soi-Pleiku 2 will contribute to undertaking electricity supply and energy security for the South and releasing the power of renewable energy projects.

$1.8 billion Quang Trach power plant faces land clearance issues Quang Trach 1 thermal power plant, which is invested by EVN, is facing difficulties in land clearance.

Quang Binh develops manufacturing into a key sector Quang Binh will focus investment resources on infrastructure and enhancing investment attraction to turn manufacturing into a driving force in the central province.

EVNNPT to loan $675 million for Quang Trach-Pho Noi 500kV line National Power Transmission Corporation will mobilise loans worth $675 million for part of the construction of the Quang Trach-Pho Noi 500kV transmission line project.