Vietnam not in international guarantee for Bac Lieu LNG-to-power project

March 16, 2020 | 13:03
The government and local authorities will not be mentioned in the document of international guarantee for investors in the Bac Lieu LNG-to-power project.
vietnam not in international guarantee for bac lieu lng to power project
While remaining outside the scope of the international guarantee of Bac Lieu LNG-to-power project, Vietnam will provide ample help on the site (Illustration image)

Prime Minister Nguyen Xuan Phuc emphasised this point to both Bac Lieu People's Committee and the investor, stressing that the government and local authorities will accompany the investor to smooth out difficulties and deal with administrative procedures.

The prime minister assigned Bac Lieu People’s Committee in charge of selecting the investor to develop the project.

Furthermore, the province will have to submit an environmental impact assessment report and a proposal to hand over the onshore area to the Ministry of Natural Resources and Environment for the appraisal of project.

Regarding the proposal to accelerate the signing of the power purchase agreements (PPA), the prime minister required the Ministry of Industry and Trade to work in collaboration with Electricity of Vietnam and Bac Lieu People’s Committee to negotiate with the investor.

In December 2019, the Government Office issued Letter No.1725/TTg-CN, granting the prime minister’s approval to include the Bac Lieu LNG-to-power project in the revised National Power Development Plan for 2011-2020 with vision to 2030. The entire 3,200MW capacity of the project was added to the planning. On January 21, 2020, Bac Lieu People’s Committee granted the licence approving the project's investment planning to the investor, Delta Offshore Energy Pte., Ltd.

The investor expected to complete the investment procedures as well as preparations for construction by the end of this year and then implement the construction of infrastructure in the next three year. The first-phase turbine facility with the capacity of 750MW is expected to start operation by the end of 2023. The entire project, with a total designed capacity of 3,200 MW will be finished before December 2027.

By Ha Vy

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