Coal to LNG shift proposed for $2.3 bln central Vietnam power plant
The central province of Quang Tri has suggested the termination of the 1,320-MW Quang Tri I coal-fired power plant project and a fuel shift to LNG.
Vice Chairman of the provincial People's Committee Le Duc Tien made the proposal at a national meeting late October on completing a deployment scheme for the national power development plan VIII (PDP VIII).
Quang Tri authorities also sought permission to increase the capacity of the Quang Tri I plant from 1,320 MW to 1,500 MW after it shifts to using LNG as fuel. They also requested that the investment format be changed from build-operate-transfer (BOT) to independent power producer (IPP).
Vice Chairman Le Duc Tien speaks at an online conference discussing deployment of the national power development plan from Quang Tri province, central Vietnam, October 31, 2023. Photo courtesy of Quang Tri newspaper.
EGATi, a wholly-owned subsidiary of the Electricity Generating Authority of Thailand, was approved as investor of the Quang Tri I power plant in August 2013. The 1,320-MW plant, located in the province’s Southeast Economic Zone, was designed to run with two 660-MW turbines. Construction of the project began in November 2019, but little progress has been made since.
In October 2022, Thailand's Ministry of Energy confirmed that EGATi would abandon the project, partly due to difficulties in capital arrangement and the two governments' commitments to achieve net-zero emissions by 2050.
In April 2023, Quang Tri province informed EGATi of the proposal to terminate the $2.3 billion project, subject to final procedures, such as confirmation of completed work, site clearance, approvals from Vietnam's Ministry of Industry and Trade and government, and other aspects.
Besides the latest proposal, Quang Tri is speeding up progress of the Hai Lang invested by South Korea’s state-run Korea Gas Corp. (Kogas), a major gas company in Asia, Hanwha Energy, Korea Southern Power (Kospo) and Vietnam's T&T Group.
Quang Tri currently has 19 wind power, three solar power, and 10 hydropower projects connected to the national grid and under commercial operation with a total capacity of 1,090.7 MW. The province now has 22 projects under construction that are part of PDP VIII. It has targeted increasing the capacity of land-based wind power from 1,800 MW to 2,500 MW by 2030.
- Related News
- Read More
From transparent technology to humanitarian values: The story of Vietnam’s first charity platform
Launched in 2021 under the direction of the Ministry of Science and Technology, in coordination with the Vietnam Red Cross Society and other socio-political organizations, a platform named “thiennguyen” (charity) developed by MBBank has paved a new path for community philanthropy in the digital era.
Companies - Wed, September 10, 2025 | 8:41 am GMT+7
Increased foreign capital flows, long-term opportunities for Vietnam's retail-consumer goods industry
Vietnam’s conglomerate Masan Group (HoSE: MSN), with a market capitalization of nearly $4.8 billion, high liquidity, ample foreign ownership room, and a solid business foundation, is expected to be a top pick for foreign investors.
Companies - Wed, September 10, 2025 | 8:00 am GMT+7
Vietnam’s pepper exports surpass $1 bln in 8 months
Vietnam’s pepper industry recorded export revenue of more than $1 billion in the first eight months of 2025, the highest level for the period in seven years, according to the Vietnam Pepper and Spice Association (VPSA).
Companies - Tue, September 9, 2025 | 11:13 pm GMT+7
Indonesia, EU to sign CEPA after decade of negotiations
The Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is set to be signed on September 23 after a decade of negotiations, according to Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto.
Southeast Asia - Tue, September 9, 2025 | 10:07 pm GMT+7
Vietnam lifts asset freeze on ex-FLC chairman Trinh Van Quyet
Authorities in Vietnam’s central province of Khanh Hoa are moving to lift restrictions on asset transactions and transfers linked to Trinh Van Quyet, former chairman of property developer FLC Group, the provincial Department of Justice said on Tuesday.
Economy - Tue, September 9, 2025 | 9:26 pm GMT+7
Abbott-backed medical firm Domesco to pay 25% cash dividend
Domesco Medical Import Export JSC (HoSE: DMC) will distribute a 25% cash dividend for 2024, equivalent to VND2,500 (9.5 U.S. cents) per share.
Companies - Tue, September 9, 2025 | 8:39 pm GMT+7
Vietnam’s finance ministry proposes raising personal deduction to $588 per month
Vietnam’s Ministry of Finance has proposed raising the personal income tax deduction to VND15.5 million ($588) per month and the dependent deduction to VND6.2 million ($235).
Economy - Tue, September 9, 2025 | 4:09 pm GMT+7
PM requests prompt finalization of feasibility study for Lao Cai-Hanoi-Hai Phong railway project
Prime Minister Pham Minh Chinh on Sunday evening chaired a high-level meeting with key ministries and agencies to accelerate the implementation of the Lao Cai-Hanoi-Hai Phong railway project, during which he stressed the need for prompt completion of the project’s feasibility study.
Economy - Tue, September 9, 2025 | 3:06 pm GMT+7
WB, ADB to provide over $12 bln to green projects in ASEAN
The World Bank has allocated $2.5 billion, while the Asian Development Bank has set aside $10 billion to support green projects in ASEAN, said Malaysian Deputy Prime Minister Datuk Seri Fadillah Yusof.
Southeast Asia - Tue, September 9, 2025 | 3:01 pm GMT+7
Central Vietnam province seeks investors for $42 mln wind power project
Vietnam’s central province of Quang Tri is seeking investors for the Hung Bac wind power project, with total investment estimated at VND1.1 trillion ($41.69 million), according to the provincial People’s Committee.
Energy - Tue, September 9, 2025 | 2:56 pm GMT+7
Vietnam's leading conglomerate Vingroup sues 68 entities, individuals for false information
Vingroup JSC (HoSE: VIC) on Monday reported to authorities, notified foreign embassies, and filed civil lawsuits against 68 organizations and individuals at home and abroad for spreading false information about the corporation online.
Companies - Tue, September 9, 2025 | 10:45 am GMT+7
Warburg Pincus unit, Masterise eye $739 mln expressway to Vietnam’s mega airport
A subsidiary of U.S. private equity firm Warburg Pincus and Vietnamese developer Masterise Group have separately proposed building an over VND19.52 trillion ($739 million) expressway connecting a major tourism area to the under-construction Long Thanh International Airport in the southern region.
Infrastructure - Tue, September 9, 2025 | 8:00 am GMT+7
Hoa Binh Construction wins $5 bln contract for mega urban project in southern Vietnam
Vietnam's leading contractor Hoa Binh Construction Group has secured a contract to build the first phase of a mega urban area project in Vietnam’s southern metropolis of Ho Chi Minh City.
Real Estate - Mon, September 8, 2025 | 9:22 pm GMT+7
Vietnam's monetary policy remains accommodative: WB
Vietnam's monetary policy has remained accommodative, as State Bank of Vietnam (SBV) interventions contained foreign exchange pressures and increased credit growth, the World Bank Group said in its country economic update.
Economy - Mon, September 8, 2025 | 7:46 pm GMT+7
Property, technology, energy among sectors recording highest M&A activity in Vietnam
Vietnam’s M&A landscape in July recorded 34 completed transactions with the total disclosed and estimated deal value of $786 million, according to Grant Thornton Vietnam.
Economy - Mon, September 8, 2025 | 3:49 pm GMT+7
Vietnam's Van Thinh Phat-tied firm incurs $14 mln loss in H1 as legal woes persist
Bong Sen Corp, the hotel and property arm of troubled Van Thinh Phat Group, posted a net loss of nearly VND356 billion ($14 million) in the first half of 2025, its filing to the Hanoi Stock Exchange (HNX) showed.
Companies - Mon, September 8, 2025 | 3:24 pm GMT+7
