Bidding process underway for Ca Na LNG-fueled power project in central Vietnam
Companies will submit bids for the Ca Na LNG-to-power project in south-central Vietnam's Ninh Thuan province until June 30, 2025.
An LNG carrier at sea. Photo courtesy of PV Gas.
The bidding closing time is 2 p.m. on June 30, 2025, and the bid opening time is 4 p.m. on the same day, according to a Ninh Thuan People's Committee decision dated April 15, 2025.
The venue for submission of bid documents is the hall on the second floor of the provincial Department of Industry and Trade at 16/4 street, My Hai ward, Phan Rang-Thap Cham town.
Bid evaluation will be conducted within 30 days, from July 1-30, while appraisal of investor selection outcomes will last 15 days, from July 31 to August 14.
Approval of investor selection outcomes will be made within five days, from August 15-20,
The bidding process follows the people's committee's in-principle approval for the project in April 2025.
The department of industry and trade issued the bidding documents on the Ministry of Finance's National Bidding Network on April 29, 2025.
Accordingly, the name of the bidding package is "Ca Na LNG thermal power plant" which will be implemented in Phuoc Diem commune, Thuan Nam district, Ninh Thuan province.
Preliminary cost of the project implementation is over VND56,006 billion ($2.16 billion).
The form of selecting investors is international open bidding. The price of a bidding document kit is VND30 million ($1,160).
To participate in the bidding, investors must have a letter of guarantee from a credit institution or a branch of a foreign bank established under the Vietnamese law, with a bid security amount of VND560.06 billion ($21.62 million).
SK Group is reportedly eyeing to develop an LNG-fired power plant in Ninh Thuan province, home to Vietnam's future nuclear power plants, following its similar proposals in Nghe An and Thanh Hoa, all in central Vietnam.
Ninh Thuan authorities on April 23 had a meeting with SK where the group presented its investment proposal.
Accordingly, SK Group proposed building a 1.5 GW LNG power plant and a 240,000 m3 LNG storage facility in Ca Na commune, Thuan Nam district, with a total investment of $2.35 billion.
Vietnam will guarantee an offtake of at least 65% of annual electricity output from projects using imported liquefied natural gas (LNG) power for up to 10 years, under a newly-issued government decree.
Decree No. 100, released on May 8, 2025, establishes a development framework for gas-fired power projects.
The country currently has only one operational LNG-fired power project - the Nhon Trach 3 and Nhon Trach 4 in the southern province of Dong Nai.
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