On the afternoon of February 28, the Standing Committee of the Provincial Party Committee of Thanh Hoa organized a conference to gather opinions on the investment orientation for the LNG Nghi Son Thermal Power Plant project in Nghi Son Economic Zone.
During the conference, the Party Committee and People’s Committee of Thanh Hoa Province sought opinions from the Standing Committee of the Provincial Party Committee regarding the investment orientation for the LNG Nghi Son Thermal Power Plant project in Nghi Son Economic Zone. The project aims to construct a 1,500MW LNG power plant, an LNG import port, a 1 km long breakwater, and supporting infrastructure for the LNG import port, including an LNG storage facility and an onshore gas regasification station with a tank capacity of approximately 230,000m3. The regasification station will have a capacity of about 1.2 million tons per year. The technical infrastructure for the LNG storage facility and regasification station will involve the construction of a gas pipeline system from the regasification station to the LNG power plant, with a capacity of about 1.2 million tons per year.
The estimated project area is about 68.2 hectares, with a total planned investment of about 58,026 billion VND, equivalent to over 2.4 billion USD. The project is located in the southern area of Nghi Son Port, in Hai Ha commune, Nghi Son town, Thanh Hoa province. The project’s operational period is 50 years, with commercial operation targeted before 2030.
According to the proposal from the Party Committee and People’s Committee of Thanh Hoa Province, the Management Board of Nghi Son Economic Zone and Industrial Parks received investment proposals from 5 investors for the LNG Nghi Son Thermal Power Plant project. These investors include: JERA Co.Inc and Sovico Corporation; Korea Southern Power Co., Ltd. (KOSPO), Korea Gas Corporation (KOGAS), Daewoo Engineering & Construction (Daewoo E&C), and APT Investment and Construction and Trading Joint Stock Company (APT); Gulf Energy Development Public Company Limited; SK E&s Co., Ltd; PetroVietnam Power Corporation (PV POWER); and T&T Group.
The Nghi Son Economic Zone and Industrial Parks Management Board of Thanh Hoa Province issued Notice No. 4077/TB-BQLKKTNS&KCN on December 1, 2023, regarding the procedures for approving the investment orientation and selecting the investor through a competitive bidding process among the 5 eligible investors. The investor selection process is expected to begin in the second quarter of 2024.
During the conference, Secretary of the Provincial Party Committee of Thanh Hoa, Do Trong Hung, stated that this is the province’s third major project, following the Nghi Son Refinery and Petrochemical Complex and Nghi Son Thermal Power Plant. The Standing Committee of the Provincial Party Committee of Thanh Hoa agreed in principle with the proposal from the Party Committee and People’s Committee of the province, and requested the Provincial Party Committee and People’s Committee to carry out the project procedures in a strict manner, ensuring compliance with legal regulations. The bidding process must be fair, transparent, and public.
