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Developing the LNG fired Power Project in Bac Lieu

Developing the LNG fired Power Project in Bac Lieu - 

The  Bac Lieu Provincial People's Committee (PPC) has just signed a Memorandum of Understanding (MoU)  with the Investment Joint-Venture of Energy Capital Vietnam (USA) on developing a LNG fired power project in Bac Lieu province. 

According to the MoU this power project invested by Joint-Venture Energy Capital Vietnam with a maximal capacity up to 3,200 MW and total investment level of about VND 91,400 billion equivalent to US$ 4 billion, developed on an area of 100 ha by the three phases:

The first phase with a capacity of 1000MW expects to be started for construction within 2018 and operated by the end of 2021.

In the second phase will be added a capacity of 1000 MW, that expects to be put into operation by the end of 2024, and

In the third phase will be added a capacity of 1200 MW that expects to be put into operation by 2027.

Speaking at the signing ceremony, Mr. Duong Thanh Trung, Chairman of Bac Lieu PPC introduced to investors the development orientation of energy projects in Bac Lieu province and expressed, that Bac Lieu province will create all of the conditions for the investors to develop LNG supply and power projects

"Bac Lieu province will create favorable conditions for investors to build LNG and Bac Lieu gas power plants," said by Duong Thanh Trung.

On behalf of investors, Mr. David Lewis, Chairman of Energy Capital Vietnam Joint Venture, expressed his pleasure and happiness to cooperate with Vietnam in building a LNG fired power project in Bac Lieu province.

VietnamEnergy.vn

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