The project has been proposed by a joint venture between JERA Co. Inc and Sovico Group, a consortium of Korea Southern Power Company, Korea Gas Corporation, Daewoo Engineering & Construction Group and Anh Phat Construction and Trading Investment JSC, Gulf Energy Development Public Co Ltd, SK E&s Co Ltd, and a joint venture between Vietnam Oil and Gas Power Corporation and T&T Group JSC.
The project will cover 68.2 hectares at Nghi Son Economic Zone and have a lifespan of 50 years. It is expected to be put into use before 2030.
The project will include a 1,500MW LNG power plant, an LNG import port, and a 1km-long wave barrier and supporting facilities.
This will be the third thermal power project in Thanh Hoa behind Nghi Son Refinery and Petrochemical Complex and Nghi Son Thermal Power Plant project.
