VinaCapital GS Energy recieves investment certificate for $3 billion LNG plant

March 22, 2021 | 16:08
VinaCapital GS Energy Pte., Ltd., a joint venture between South Korean GS Energy and VinaCapital on March 21 received the investment certificate to build a $3 billion LNG-to-power complex in Long An province.

Consisting of Long An I and II, the VinaCapital GS Energy complex will be located on 90 hectares in the Southeast Asia Services Area, a part of Long An International Port of Long An province, and is expected to be started very soon.

vinacapital gs energy recieves investment certificate for 3 billion lng plant
VinaCapital GS Energy Pte. Ltd received the investment certificate for the $3 billion LNG-to-power complex

With a capacity of 3,000MW, the complex is expected to be put into operation in December 2025, consisting of two turbines with equal capacity.

The Long An LNG-to-power complex was granted an investment certificate on the occasion of Prime Minister Nguyen Xuan Phuc visited Long An on the same day, touring a range of other large-scale projects in this province.

PM Phuc highly appreciated the active preparation and handing over the investment certificate, as well as the close coordination among local authorities and ministries in the process to keep implementation on schedule.

vinacapital gs energy recieves investment certificate for 3 billion lng plant
Prime Minister Nguyen Xuan Phuc visited the LNG-to-power complex on March 21

Long An International Port is one of the biggest seaports in Vietnam with a total area of 147ha that includes nine berths that can serve 30,000-70,000 DWT ships.

Dong Tam Group is finishing the legal procedures to expand the scale of the Berths no. 8 and 9 to the designed capacity of 100,000 DWT.

In addition, the investor is also planning to build a special berth serving vessels containing liquid cargo of oil and liquefied gas. All constructions are being promptly constructed on schedule, with expectations of completing them in 2023.

In 2020, Long An International Port has signed a strategic cooperation agreement with ports in the Mekong Delta region, facilitating the development of a multimodal freight transport network. This will be the basis for Long An International Port to become a cargo transshipment centre of the Mekong Delta and the Southeast region to other regions domestically and internationally, contributing to reducing commodity costs and improving the competitiveness of regional enterprises.

In the first two months of 2021, the volume of goods imported and exported through Long An International Port reached nearly 200,000 tonnes. Besides, Long An International Port signed a cooperation agreement with wind power projects, officially becoming a strategic wind power centre for the southern area of the country.

By Bich Ngoc

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