Consider selecting investors for Quang Tri Thermal Power Plant project

The joint venture of investors T&T Group Corporation and SK E&S Company Limited recently had a working session with the People's Committee of Quang Tri province on the proposal for the Quang Tri LNG Thermal Power Plant project.

The joint venture of investors T&T Group Corporation and SK E&S Company Limited recently had a working session with the People's Committee of Quang Tri province on the proposal for the Quang Tri LNG Thermal Power Plant project.

At the meeting, the consortium of T&T Group Corporation and SK E&S Co., Ltd. (Korea) reported on the proposal for the Quang Tri LNG Thermal Power Plant project. Accordingly, the consortium of investors proposed to invest in converting the fuel of the Quang Tri Thermal Power Plant project from coal to LNG.

According to the investor, the project will contribute to the socio-economic development of Vietnam in general, and Quang Tri province in particular. The consortium of investors proposed that the People's Committee of Quang Tri province support and submit a written proposal to the Ministry of Industry and Trade and the Government on the proposal to convert the fuel of the Quang Tri Thermal Power Plant project from coal to LNG and add it to the adjusted Power Plan VIII.

Acting Chairman of Quang Tri Provincial People's Committee Ha Sy Dong discussed the project with the investor consortium.

According to the investor consortium, if the conversion of fuel sources is approved, the adjusted power planning VIII is supplemented, and the Quang Tri Provincial People's Committee promptly implements procedures for selecting investors, this will be an important basis for the project to be implemented to meet the 2030 operational schedule.

The investor consortium said it will be responsible and committed to implementing the project to meet the 2030 operational schedule in case it is assigned by competent authorities to be the investor and support in the next steps of the project implementation.

In response to the investor's proposal, Acting Chairman of the Provincial People's Committee Ha Sy Dong said that after the meeting, the province will have a written proposal to the Ministry of Industry and Trade to hold a meeting between the Ministry of Industry and Trade, Quang Tri province and the consortium of investors to discuss fuel conversion and related work to implement the Quang Tri LNG Thermal Power Plant project.

“In case of no approval from competent authorities, the province recommends that investors implement the thermal power project or study investing in another LNG project in Quang Tri, because the province still has room for development,” Mr. Dong proposed.

Acting Chairman of the Quang Tri Provincial People's Committee Ha Sy Dong added that Quang Tri province also hopes that the joint venture of investors T&T Group Corporation and SK E&S Company Limited will research and invest in building wind power projects in mountainous and offshore areas of Quang Tri province.

On the local side, Quang Tri province commits to accompany and be ready to cooperate with investors to carry out the fastest documents and procedures as well as have preferential policies for investors when implementing projects in the province.

EVNGENCO 1 also wants to take over the project.

It is known that currently, not only the consortium of investors T&T Group Joint Stock Company and SK E&S Company Limited wants to implement the Quang Tri Thermal Power Plant project, recently Power Generation Corporation 1 (EVNGENCO 1) under Vietnam Electricity Group has also sent a document to the People's Committee of Quang Tri province about the proposal to be assigned as the investor of this project.

Previously, the Quang Tri Thermal Power Plant project was approved by the Prime Minister for the Thai Electricity International Company (EGATi) to be the investor and implemented under the build-operate-transfer (BOT) form in August 2013. The project is located in the Southeast Quang Tri Economic Zone, with a total investment of over VND55,000 billion (over USD2.2 billion), the project capacity is 1,320 MW, including 2 units, each unit has a capacity of 660 MW.

According to calculations, after being put into operation, the plant will generate 6,000 hours of electricity per year, produce 7,200 billion kWh of electricity per year, have pre-tax revenue of about 12,500 billion VND per year, and contribute 1,250 billion VND per year to the local budget, excluding other taxes and fees. This is considered one of the key projects of Quang Tri province in realizing the goal of becoming the energy center of the Central region by 2030.

However, due to various reasons, in May 2023, EGATi sent a document to the Ministry of Industry and Trade officially informing them that it would not continue to implement the above project.

The Southeast Quang Tri Economic Zone, where the investor proposed to implement the Quang Tri Thermal Power Plant project. Photo: Ngoc Tan

According to EVNGENCO1, the project has been approved by the Prime Minister in the National Power Plan for the period 2021-2030 with a vision to 2050 (Power Plan VIII), and the project belongs to a power source that does not have an investor. Therefore, assigning the Quang Tri Thermal Power Project to this unit as the investor is in accordance with the provisions of the Electricity Law and Notice No. 10/TB-BCT.

In addition, EVNGENCO1 is an experienced and well-performing unit as an investor and project manager of thermal power projects such as: Duyen Hai 1 (2x622.5 MW), Duyen Hai 3 (2x622.5 MW), Nghi Son 1 (2x300 MW)... and hydropower projects: Dong Nai 3&4, Ban Ve, Song Tranh...

In case of being assigned as the investor, EVNGENCO1 commits to ensuring the progress of putting the Quang Tri Thermal Power Plant project into operation according to the approved schedule in Power Plan VIII with the expected progress as follows:

Conduct surveys, prepare feasibility study reports, appraise and approve projects from the second quarter of 2025 to the third quarter of 2026. Complete project agreements with competent authorities from the third quarter of 2026 to the first quarter of 2027. Select contractors in the third quarter of 2026-third quarter of 2027. Start construction of the plant in the third quarter of 2027. Operate units 1-2 in the fourth quarter of 2030.

Source: https://baodautu.vn/xem-xet-lua-chon-nha-dau-tu-cho-du-an-nha-may-nhet-dien-quang-tri-d249883.html