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|The investor believes Hai Lang LNG power plant could be finished far sooner than scheduled|
According to the draft PDP8, the Hai Lang LNG power plant’s first phase would start operation in 2036-2040 and the second phase is scheduled to be launched in 2041-2045.
Meanwhile, the investor – a consortium of Vietnamese conglomerate T&T Group, Korea Gas Corporation (KOGAS), Hanwha Energy Corporation, and Korea Southern Power (KOSPO) – estimates the project could be put into commercial operation in 2026-2027.
Vo Van Hung, Chairman of Quang Tri People’s Committee stated that the earlier launch would make an important contribution to the province’s socio-economic growth and national energy security.
Hung added that the schedule proposed by the investor could help address power shortages as the other two power plants in the province (an LNG power plant invested by Gazprom and Quang Tri 1 thermal power plant invested by Thailand’s EGAT International Co., Ltd.) are running behind schedule.
Previously on October 20, Quang Tri People’s Committee sent a document to the Ministry of Industry and Trade proposing the adjustment of the project timeline.
Quang Tri People's Committee has already approved the first phase of the Hai Lang LNG power plant. The project, which spans 120ha, is located in Hai Lang district's Hai An and Hai Ba communes. The project would include an LNG port capable of handling LNG carriers of 170,000-226,000 cubic metres, carrying 1.5 million tonnes of LNG per year, and Hai Lang Power Centre phase 1 with a capacity of 1,500MW.