The southern province of Long An has licensed a 3,000-MW liquefied natural gas power plant to be built by South Korea’s GS Energy and fund management company VinaCapital.
It will be built at the Long An Southeast Asia Industrial Park at a cost of $3 billion, with the 90-hectare facility having two combined-cycle power plants, Long An 1 and 2, with a capacity of 1,500 MW each.
Long An 1 will go on stream in December 2025, and Long An 2, a year later.
Several other LNG power plants have received approval or having feasibility studies done now amid the growing power demand in Vietnam.
Singapore’s Delta Offshore Energy will build a plant in the Mekong Delta province of Bac Lieu in 2024.
The northern port city of Hai Phong has approved construction of a $5.09 billion LNG plant by the U.S.’s Exxon Mobil.