Land clearance contract for new thermal power plant to be signed
Nghe An People s Committee require the consortium of investors in the Quynh Lap LNG thermal power plant to sign the land clearance contract with the local authorities before September 25
The Quynh Lap LNG thermal power plant project, which aims to generate up to 1,500 MW of power with an investment of over $2.2 billion, is set to move forward as the land clearance contract is scheduled to be signed before September 25. This agreement will be finalized between the investors, which include PV Power, Nghe An Sugar Company, and SK Innovation, and the local authorities, the Tan Mai People’s Committee.
The Department of Finance is working to expedite the drafting of the project contract for reporting to the provincial people's committee, aiming to finalize the signing in late September. The Department of Industry and Trade is coordinating with the Department of Finance and the investors to establish project progress milestones, encompassing the completion of key stages such as the Feasibility Study Report, detailed planning approval, environmental impact assessment, and construction timeline.
The thermal power plant, slated for operation in 2030, will be located in Tan Mai ward and will feature an LNG-fired thermal power plant, an LNG storage and regasification system, and a dedicated port within the Dong Hoi Port area.
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