Nghe An accelerates land handover for $2.3bn LNG power plant

Nghe An accelerates land handover for $2.3bn LNG power plant

Nghe An province has directed departments to coordinate land handover for the $2.3 billion Quynh Lap Liquefied Natural Gas power plant, targeting construction to begin by the end of April.

At a meeting on March 2, Vice Chairman of Nghe An People's Committee Phung Thanh Vinh assigned the Department of Finance to take the lead on depositing funds and allocating capital for land clearance payments, as authorities work to meet the construction deadline for the liquefied natural gas (LNG) plant.

The Department of Agriculture and Environment is responsible for guiding localities in resolving all land-related obstacles related to land clearance and the process of land allocation to investors. It will also take the lead in appraising the environmental impact assessment report.

The Department of Construction will focus on completing the feasibility study report and the 1/500 detailed planning this month, and will closely coordinate with the investor on the planning components and technical specifications of the factory.

Regarding this matter, the vice chairman requested to hand over at least 10 per cent of the total area of ​​over 57 hectares to the investor before April 20, to allow for the commencement of construction by on April 30.

“The task of implementation is challenging and urgent because it is closely related to the progress of the government's Power Master Plan VIII and the goal of operation by 2030. The relevant departments, agencies, units, and localities need to focus on carrying out the work according to their assigned functions and tasks to ensure the set progress,” said Vinh.

The general director of Petrovietnam Power Corporation Le Nhu Linh said, “The consortium, including Petrovietnam, SK Innovation, and Vietnamese firm NASU, is simultaneously carrying out many tasks with the determination to complete the project by 2030. We are completing the procedures to establish Quynh Lap LNG Power JSC.”

“We are also negotiating equipment with reliable and reputable partners for the purchase of equipment. We are applying many innovative measures, especially shortening the time and procedures for negotiating with equipment suppliers to ensure progress,” Linh added.

On February 20, SK Innovation announced that the consortium, including Petrovietnam Power Corporation, SK Innovation, and the Vietnamese firm NASU, was designated as the project developer by Nghe An People's Committee.

The $2.3 billion facility will be located in the north-central province, strengthening Vietnam's energy infrastructure and marking a key milestone in the South Korean company's global expansion strategy.

The complex comprises a 1,500MW combined-cycle gas power plant, a 250,000 cubic metre LNG terminal, and a dedicated port in the Quynh Lap region, approximately 220km south of Hanoi.

VIR