188bet zokb Vietnam inaugurates USD1.4 billion LNG power plants in energy security push

Vietnam has opened its first liquefied natural gas power plants, 188bet zokb twin Nhon Trach 3 and Nhon Trach 4 facilities in Dong Nai Province, at a cost of USD1.4 billion. Built by state energy giant Petrovietnam, 188bet zokb plants will generate more than nine billion kilowatt-hours annually with a combined capacity of 1 624 megawatts to support grid stability as renewable energy increases in 188bet zokb southern region.

188bet zokb facilities aim to help meet Vietnams surging electricity demand, which requires capacity additions of 6 500 to 8 200 MW annually amid peak consumption of about 54 500 MW. Growth in demand is driven by 188bet zokb countrys expansion in high-tech manufacturing, semiconductor production, data centres and high-speed rail infrastructure.

“These plants are a crucial piece in strengthening national energy security and meeting 188bet zokb countrys fast and sustainable development requirements,” Chinh said at 188bet zokb inauguration ceremony. He described 188bet zokb project as exemplary in overcoming obstacles while maintaining quality, safety and environmental standards.

188bet zokb plants use GE 9HA.02 gas turbines, among 188bet zokb worlds most advanced in capacity and efficiency. 188bet zokb technology achieves 62 to 64 per cent efficiency and can blend up to 50 per cent hydrogen, with potential for 100 per cent hydrogen use in 188bet zokb future.

LNG-fired electricity generation reduces carbon emissions by roughly 40 per cent compared with coal and 30 per cent compared with oil, supporting Vietnams pledge to achieve net zero emissions by 2050.

Construction began in May 2022 during 188bet zokb COVID-19 pandemic without government guarantees, requiring financing from international institutions under strict standards. Incomplete regulatory frameworks for LNG pricing and long-term power purchase agreements, land acquisition and equipment logistics added to challenges.

Petrovietnam and main contractor Lilama-Samsung C&T worked round 188bet zokb clock to complete construction on schedule. 188bet zokb EPC contractor selection took just 11 months, among 188bet zokb fastest for a project of this scale. Domestic contractor Lilama accounted for about 40 per cent of 188bet zokb EPC work, 188bet zokb highest participation rate for a thermal power plant in Vietnam.

188bet zokb facilities will primarily serve southern Vietnam, 188bet zokb countrys economic engine and a key destination for high-tech foreign investment. They are expected to help establish a gas-fired power market and provide a template for 13 additional LNG projects outlined in 188bet zokb national power development plan.

Chinh emphasised that stable energy infrastructure is fundamental to rapid economic development, noting that countries with fast, sustainable growth possess robust, modern energy systems.

Petrovietnam chairman Le Manh Hung said 188bet zokb projects success lays 188bet zokb foundation for developing LNG power centres nationwide to ensure energy security and support 188bet zokb countrys net zero target.

188bet zokb Politburo issued Resolution 70 in August on national energy security through 2030, with a vision to 2045, prioritising energy development to support more than 10 per cent annual growth with state-owned enterprises in lead roles and 188bet zokb private sector as a key driver.

Chinh said 188bet zokb projects success offers lessons for future energy initiatives, emphasising unity, practical problem-solving and inter-agency coordination, balancing domestic and international resources and clear accountability with measurable results.

He pledged continued support for energy infrastructure projects, including streamlined regulations and improved investment conditions for 188bet zokb LNG supply chain.

Source: VNS