The joint venture of Siemens Energy, Korea Electric Power Corporation, and Power Engineering Consulting JSC 2 (PECC2) proposed to develop the $4.59 billion Vung Ang III Thermal Power Plant.
|Vung Ang III Thermal Power Plant will be completed in 2026-2027 |
The thermal power plant is expected to be located in Vung Ang Economic Zone of the central province of Ha Tinh with a capacity of 3.2GW that will be expanded to 4.8GW. The facility will import 2.2 million tonnes of liquefied natural gas (LNG) per year. The construction is expected to be completed in 2026-2027.
According to Ha Tinh People’s Committee, in April, the investor held a working session with the provincial leaders and present the pre-feasibility report of the project.
In late June 2021, Ha Tinh People’s Committee submitted a proposal to the Ministry of Industry and Trade to switch the planning of Vung Ang III Power Centre from coal-fielded power to LNG and increase the capacity of the centre from 2.4GW to 4.8GW.
Vung Ang Power Centre combines several power plants. While Vung Ang I is already in operation with two turbines and a total capacity of 1.2GW, its neighbour Vung Ang II invested by Kepco will commission its first unit in 2024 and the second one in 2025. The 1.2GW Vung Ang II is expected to emit 6.6 million tonnes of greenhouse gases per year. Throughout its 30 years of operating life, it will produce a total of 200 million tonnes of greenhouse gases.