Unveiling the Winning Investor of the $2.5 Billion Cà Ná LNG Project in Khánh Hòa

On January 28, 2026, the People’s Committee of Khanh Hoa Province officially issued a decision approving the selection of the investor for the Ca Na LNG Thermal Power Plant Project in Ca Na Commune, Khanh Hoa Province. The winning consortium is Trung Nam – Sideros River.

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The certification of the LNG Ca Na Thermal Power Plant investor marks a pivotal step in unlocking the potential and advantages of the southern region of Khanh Hoa Province. This area boasts exceptional natural benefits and is rapidly emerging as a national energy hub, integrating a diverse range of renewable energy sources unparalleled in Vietnam.

This milestone underscores Khanh Hoa’s readiness in infrastructure and innovative zoning for high-potential areas. As a burgeoning energy capital, the province has proactively aligned with the adjusted National Power Development Plan 8 (QPDP 8), embracing new energy infrastructure projects, including nuclear and LNG power, alongside a robust renewable energy value chain developed over recent years, such as wind and solar power. This progress is a significant leap toward establishing modern, green industrial zones, driving local growth, and contributing to the nation’s key economic regions.

1. Project Name: LNG Ca Na Thermal Power Plant.

2. Winning Investor Consortium: Trung Nam – Sideros River.

3. Project Objective: Power Generation.

Power Generation, specifically:

  • Implementation of Decision No. 500/QĐ-TTg approving the National Power Development Plan for the 2021–2030 period, with a vision to 2050. Adjusted by Decision No. 768/QĐ-TTg dated April 15, 2025, this ensures a legal framework for project execution. The project includes a 1,500 MW thermal power plant, an LNG storage terminal with a capacity of 1.0 to 1.2 million tons/year, and auxiliary facilities to enhance national energy security.

4. Location: Ca Na Commune, Khanh Hoa Province.

5. Estimated Land Area: Approximately 265.7 hectares (including 33.4 hectares for the LNG power plant and technical corridors, and 232.3 hectares of water area for LNG storage, regasification facilities, pipelines, breakwaters, shipping lanes, and turning basins).

6. Project Scale:

– Construction of a 1,500 MW combined-cycle gas turbine power plant using LNG.

– Development of an LNG storage terminal and regasification system with a port capacity of 1.0 to 1.2 million tons/year, including a 220,000 m³ storage tank and dedicated infrastructure.

– Construction of an LNG import port, a 2,400-meter eastern breakwater, and supporting infrastructure.

– Final project scale subject to completion of construction and land procedures.

7. Total Project Cost: 57,384.78 billion VND.

8. Project Timeline: Completion and operation scheduled for 2025–2030.

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