Vietnam's Hai Phong LNG Power Plant to Boost Power Generation
Vietnam is set to bolster its power generation with the Hai Phong LNG power plant, a joint venture between Vingroup and VinEnergo. The groundbreaking is anticipated this September, signaling a significant stride in the country's energy sector.
The plant, with a total investment of $7.7 billion, will have an initial capacity of 1,600 MW, generating 9.6 billion kWh annually. It will be developed in two phases, with the second phase doubling the capacity to 3,200 MW, producing 19.2 billion kWh per year. The plant will utilize six combined-cycle gas turbine units, each with an 800 MW capacity, enhancing efficiency and reducing waste.
Spanning over 98.5 hectares in the Tan Trao Industrial Park, the plant's strategic location at the mouth of the Van Uc River can accommodate LNG carriers of up to 180,000 cubic meters or more. The Ministry of Transport has proposed including an LNG terminal in the Master Plan of the National Port System to support this project. The Hai Phong People's Committee has also proposed the inclusion of an LNG terminal into two major plans to facilitate the project's development.
The Hai Phong LNG power plant is considered a keystone project for the city's development and has been selected as a key project for the first Congress of the Hai Phong Party Organisation for the 2025-2030 term.
Upon completion, the Hai Phong LNG power plant is expected to supply approximately 28.8 billion kWh of electricity per year, significantly bolstering Vietnam's power generation capacity. The plant's efficient use of combined-cycle gas turbines and strategic location will enhance its operational effectiveness and support the city's and the country's energy needs.
