Vung Tau City: Long Son Power Complex Project with a total value of more than 3.7 billion USD is launched in the Quarter IV/2021

03:10 05/26/2020 - 109 views

The Investor Group including 6 members has proposed to implement the Long Son Power Complex Project in Long Son Commune, Vung Tau Province with a total investment value of 3.78 billion USD. The Project is expected to construct in the Quarter IV of 2021, completed and put into operation in 2025.

The Investor Group including 6 members has proposed to implement the Long Son Power Complex Project in Long Son Commune, Vung Tau Province with a total investment value of 3.78 billion USD. The Project is expected to construct in the Quarter IV of 2021, completed and put into operation in 2025.

The Investor Group including 6 members has implemented the Long Son Power Complex

The Investor Group including GENCO3 - TTC - PACIFIC - PECC2 - MC - GE has reported the implementation of the Long Son Power Complex Project, Phase 1 with leaders of Ba Ria – Vung Tau Province.

It is known that the Investor Group has 6 members including Power Generation Joint Stock Corporation 3 (GENCO3), Thanh Thanh Cong Investment Joint Stock Company (TTC), Power Engineering Consulting Joint Stock Company 2 (PECC2), Pacific Corporation Joint Stock Company (PACIFIC); Mitsubishi Corporation (Vietnam) Co., Ltd (MC) and General Electric International, Inc. (GE).

Based on reports by Investors, the area of Long Son Power Complex Project in Long Son Commune, Vung Tau City is 152ha, the area of the water surface is 47.5ha with the total investment is around 3.78 billion USD.

The Project scale consists of one power plant with a total capacity of 3,600 - 4,500MW, one port to import LNG for the Long Son Project with a capacity of about 3.5 - 4.4 million tons/year.

It is expected that this Project will be commenced in the Quarter IV of 2021, completed and put into operation in 2025.

According to the Investor Groups’ opinions, this Project applies the modern, clean, environmentally friendly gas turbines technology without being affected by the mechanical population increase under local development objectives. The Project implementation also contributes to generating jobs, since then improving local people’s lives and contributing to the economic development of the Province.

After listening to meeting attendees’ comments, the Chairman of People's Committee of Ba Ria - Vung Tau Province - Nguyen Van Tho expressed his supports and acknowledged the above-mentioned proposal of The Investor Group and hoped to be worked with investors in the coming time.

In March, the People's Committee of Ba Ria - Vung Tau Province has submitted a written proposal to the Prime Minister for early review and approval of the Long Son Power Complex Project under the National Electricity Development Planning (Adjusted Power Planning VII).

As expected, the Long Son Power Complex will supplement 21 billion kWh of electricity/year to the national grid and pay about VND 4,130 billion/year to the State budget.