Accordingly, the People’s Committee of Quang Tri province, T&T Group and SK E&S (a member of SK Group) agreed to strengthen information exchange, cooperation in investment, trade, energy transition and green growth in Quang Tri province in many fields. Specifically, the parties will cooperate together to promote the conversion of the Quang Tri thermal power plant project from using coal fuel to using more environmentally friendly LNG fuel; cooperate to develop low-carbon emission reduction projects, including the production of green hydrogen; cooperate to implement projects related to carbon credits; cooperate in researching the establishment of a central LNG storage facility (LNG Hub) and promote investment research or support Quang Tri province to attract investment in other potential and sustainable development fields in Quang Tri province.
The People’s Committee of Quang Tri province, T&T Group and energy company SK E&S sign a cooperation agreement on investment, trade, energy transition and green growth
Speaking at the signing ceremony, Mr. Vo Van Hung, Chairman of the People’s Committee of Quang Tri province, said that Quang Tri province has agreed in principle to allow the T&T and SK E&S joint venture to research, survey and prepare a profile for converting the Quang Tri thermal power project using coal fuel to using more environmentally friendly fuel, and at the same time determine the goals, scale and investment capital; project implementation progress deadline… This is one of the important contents for the parties to cooperate in developing, urging competent authorities to approve the conversion of the project’s technology from coal fuel to using liquefied natural gas (LNG); propose to update the LNG project into the Implementation Plan of Power Plan VIII and submit it to competent authorities for consideration and approval in order to serve as a basis for implementing the next steps. Quang Tri Provincial People’s Committee leaders are committed to creating favorable conditions for the T&T Group and SK E&S joint venture in the process of researching, surveying, preparing a proposal dossier for investment approval for projects in the above fields. fields in accordance with the provisions of Vietnamese law.
According to Ms. Nguyen Thi Thanh Binh – Deputy General Director of T&T Group Corporation, with the existing synchronous infrastructure foundation, the available high-quality human resources, and the reputation, capacity and strong potential of T&T Group, combined with the experience, technology, and management of SK E&S – a leading energy company in Korea today, this cooperation will make a positive contribution to the process of energy transition and green growth in Quang Tri province; towards the goal of striving to make Quang Tri a center energy of the Central region and the whole country by 2030 according to the development plan and targets set by Quang Tri province.
Previously, within the framework of the Vietnam – Korea Business Forum held in Hanoi in June 2023, T&T Energy (a member of T&T Group Corporation) and SK E&S also signed a memorandum of understanding on cooperation in the LNG electricity sector. T&T Energy and SK E&S will cooperate to develop LNG ports and power plants in line with Vietnam’s development orientations and legal regulations. According to the agreement, SK E&S will be responsible for finding financial resources to support project implementation.
Leaders of Quang Tri province work with the T&T Group, Hanwha, KOGAS and KOSPO joint venture to expedite the progress of the Hai Lang LNG project, phase 1 – 1,500 MW
Also within the framework of the Quang Tri provincial trade promotion program in Korea, on April 23, the Chairman of the Quang Tri Provincial People’s Committee, Vo Van Hung, worked with the T&T Group, Hanwha HEC Energy Corporation, Korea Gas Corporation KOGAS, Korea Southern Power Company KOSPO on speeding up the progress of the Hai Lang LNG project, phase 1 – 1,500 MW. Accordingly, the Hai Lang LNG power project – phase 1 is a key project of Quang Tri province and a national key project to stabilize energy security. Therefore, Quang Tri Provincial leaders requested that the joint venture investors promptly handle the project’s work, accelerate the completion of the dossiers and legal procedures for project implementation. The T&T Group – Hanwha – KOGAS – KOSPO joint venture is committed to implementing the schedule and putting the project into commercial operation of the first turbine in the second quarter of 2029, in accordance with the progress in the plan to implement Power Plan VIII approved by the Prime Minister. Government. The investors also proposed that the Quang Tri Provincial People’s Committee pay attention to supporting the land clearance work; recommend the Government, Ministry of Industry and Trade, EVN to approve the proportion of power consumption of the project appropriately (QC 85%-90%) to ensure the feasibility of capital arrangement; To soon approve the connection plan and accelerate the progress of completing the transmission line, transformer station, ensuring that it is in line with the COD progress of the project and many other important contents…Â
