Nghe An breaks ground on US$2.3 billion LNG power plant
VOV.VN - Nghe An province on May 18 launched construction of the Quynh Lap LNG Thermal Power Plant, a US$2.3 billion project expected to become one of the largest energy developments in Vietnam’s north-central region.
The groundbreaking ceremony was held on the occasion of the 136th birth anniversary of President Ho Chi Minh (May 19, 1890–2026).
Approved by the Nghe An People’s Committee in February 2026, the project has a total registered investment capital of approximately VND59.37 trillion (US$2.3 billion). The investor consortium includes PetroVietnam Power Corporation (PV Power), Nghe An Sugar Co. Ltd., and the Republic of Korea’s SK Innovation.
Located in Tan Mai ward, the project spans more than 152 hectares across both onshore and offshore areas. Nearly 60 hectares will be developed on land, while the remainder covers coastal and sea-surface zones. The shared breakwater area serving the Dong Hoi port complex is excluded from the project scope.
The Quynh Lap LNG Thermal Power Plant will have a total installed capacity of 1,500MW, comprising two combined-cycle gas turbine units of 750MW each. Construction and commissioning are scheduled for the 2026–2030 period.
Supporting infrastructure includes a 250,000-cubic-meter LNG storage facility, regasification systems, and a dedicated port capable of accommodating LNG carriers of up to 150,000 tonnes. The plant is projected to consume approximately 1.15 million tonnes of imported LNG annually.
Provincial authorities view the Quynh Lap LNG Thermal Power Plant as a strategic driver for Nghe An’s socio-economic development in the coming years. With investment capital nearing VND60 trillion, it is the largest among the province’s 12 key development projects.
The project is expected to support Nghe An’s goal of achieving annual economic growth of over 12% in the coming years by attracting industrial investment, accelerating economic restructuring, and increasing the industrial sector’s contribution to the province’s Gross Regional Domestic Product (GRDP).
Chairman of the Nghe An People’s Committee Vo Trong Hai said the project would help ensure a stable electricity supply for the national grid while enhancing the province’s attractiveness to industrial investors.
Once operational, the plant is set to contribute an estimated VND6–7 trillion (US$230–270 million) annually to the provincial budget, making it one of Nghe An’s largest long-term sources of revenue.
Vietnam poised to become regional LNG hub amid energy transition
VOV.VN - With its strategic geographic position, Vietnam has the potential to become a regional LNG transshipment and dispatch hub, while also providing energy support for foreign-invested manufacturing supply chains, experts said at a regional energy forum in Hanoi.
