- Your Consultant
- Green Growth
|Ninh Thuan to organise international bidding for $2.28 billion LNG Ca Na Power Centre. Photo: Ca Na Seaport|
According to the plan, investor selection will start in this fourth quarter and will finish within 262 days. Ninh Thuan Department of Industry and Trade will be in charge of organising the bidding.
To date, five potential investors have met the requirements regarding financial capacity and experience and expressed ambitions to develop the project. These investors include two joint ventures, namely Korea Consortium and the joint venture of Total Gaz Electricite Holding France SAS, Novatek Gas & Power Asia Pte, PV Power, Siemens Energy AG, and Zarubezhneft JSC. The remaining investors are Gulf MP Co., Ltd., Jera Company Inc., and Trungnam Group.
According to the initial plan, construction was expected to kick off in the third quarter, however, so far, the province had only completed the bidding procedures to look for investors.
It was added to the Power Development Plan VII this April. The project includes a 1,500MW combined cycle gas turbine (CCGT) liquefied natural gas (LNG) power plant, a port to receive LNG with an annual capacity of 4.8 million tonnes, as well as an LNG warehouse with a capacity of 4.8 million tonnes a year.
Once completed, the power centre will supply electricity to southern cities and provinces.