Chairman of the Bac Lieu People’s Committee Duong Thanh Trung (R) grants an investment decision to a representative from Singapore’s Delta Offshore Energy Pte.Ltd (DOE) to build a 3,200MW liquefied natural gas-fired power plant. (Photo: VNA)Bac Lieu (VNA) – The People’sCommittee of Bac Lieu province on January 21 granted an investment decision toSingapore’s Delta Offshore Energy Pte.Ltd (DOE) to build a 3,200MW liquefiednatural gas-fired power plant.
The project, worth approximately 4 billion USD,is the biggest foreign direct investment (FDI) projects in the Mekong Deltaregion.
According to DOE Singapore, the project willcomprise of a power plant built on 40 hectares in Vinh Hau A commune (Hoa Binhdistrict), a floating station to receive and store 150,000-174,000 cubic metresof liquefied natural gas (LNG), a gas recycling station, and a 35km highpressure gas pipeline.
By the end of 2020, the investor said it willcomplete the preparation of the project investment and in the next three years,it will deploy the construction of the LNG receiving and storage area and thegas recycling station as well as bring the gas pipeline ashore and operate thefirst-phase gas turbine with a designed capacity of 750MW.
Afterwards, it will continue installing andputting into operation the remaining turbines to reach the full capacity of3,200MW before December 2027.
The electricity prices will be determinedthrough the negotiations between DOE Singapore and Vietnam Electricity (EVN).
Speaking at the decision-granting ceremony,Chairman of the provincial People’s Committee Duong Thanh Trung described theLNG-fueled power plant as a key project which will create a driving force forchanging the local economic structure.
It is expected to create thousands of jobs andcontribute more than 3 trillion VND (129.6 million USD) per year to the Statebudget.
He asked the investor and partners to ensure theprogress of the project, and affirmed to create all favourable conditions forthem./.
VNA
