The People’s Committee of central Quang Tri province has approved the investment policy of the Quang Trach III LNG Power Plant project.
Developed by the Vietnam Electricity (EVN), the project spans 74 hetares in Phu Trach commune, including nearly 55 ha of land and more than 19 ha of water surface, with a designed capacity of 1,500MW.
The project requires an estimated investment capital of VND41.8 trillion ($1.6 billion), comprising 20% equity from EVN and 80% domestic commercial loans.
The project is part of the Quang Trach Power Center which includes the Quang Trach I Thermal Power Plant, the Quang Trach II LNG Power Plant and the Quang Trach III LNG Power Plant. Once operational, each plant is expected to supply around 9.1 billion kWh per year to the national power grid.
