$2 bln northern Vietnam LNG power plant to commence construction in Sept
The $2 billion LNG Thai Binh power plant project in Vietnam’s northern province of Thai Binh is set to kick off construction in September, meeting the schedule.
The provincial Department of Planning and Investment reported the progress at a Wednesday meeting of provincial authorities.
In September, the project is set to begin building its command center and connecting traffic infrastructure, the department added.
Director of Thai Binh Department of Planning and Investment Thai Thu Huong speaks at a meeting in the province, northern Vietnam, February 12, 2025. Photo courtesy of Thai Binh news portal.
The project can meet its deadline of reaching commercial operation for the first turbine in 2028 and the second turbine in 2029, the department affirmed.
Addressing the meeting, Thai Binh Chairman Nguyen Manh Hung asked relevant authorities to focus on solving challenges of the project, including site clearance in Thai Thuy district and administrative procedures.
In December 2023, at the Vietnam-Japan Economic Forum held in Tokyo during Prime Minister Pham Minh Chinh's visit to Japan, a joint venture between Tokyo Gas, Kyuden International, and Truong Thanh Vietnam Group was handed an investment license to build the project.
In January 2024, the joint venture made its ceremonial inauguration. Company executives said that they planned to begin commercial operations by 2030.
In January 2025, Prime Minister Pham Minh Chinh instructed the construction of two LNG-fired power plants in Quang Ninh and Thai Binh provinces to begin this year.
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