|The Mekong Delta province of Bạc Liêu signed a memorandum of understanding on a liquefied natural gas (LNG)-fueled power project with Energy Capital Vietnam. - Photo nhandan.com.vn|Viet Nam News
BẠC LIÊU – Energy Capital Vietnam plans to build a liquefied natural gas (LNG)-fueled power plant, expected to cost about VNĐ91.4 trillion (US$4 billion), in the Mekong Delta province of Bạc Liêu.
The plant’s development follows a memorandum of understanding (MoU) inked between the company and the provincial People’s Committee last week, the Nhân Dân (People) newspaper reports.
The 100ha plant, which has a total designed capacity of 3,200 MW, will be implemented in three phases. The first phase will be launched this year and will begin operations in late 2021 with a capacity of 1,000MW. The second and third phases will be completed in 2024 and 2027, with capacities of 1,000 and 1,200 MW, respectively.
The committee chairman Dương Thành Trung said the building of the project is in line with the National Energy Development Strategy and the province’s conditions. The MoU will serve as an important foundation for the two sides to prepare documents for submission to relevant agencies and the Prime Minister, Trung said. -VNS