On January 15, 2025, the signing ceremony for the consulting contract for the package “Feasibility Study Report, Specialized Reports, and Environmental Impact Assessment Report” of the Quang Trach II LNG Power Plant Project was solemnly held at EVN. The ceremony was attended by representatives of the investor, Power Project Management Board 2, the consulting consortium comprising Power Engineering Consulting Joint Stock Company 1 (PECC1) and Power Engineering Consulting Joint Stock Company 3 (PECC3), as well as other stakeholders.
Quang Trach II LNG Power Plant Project is one of the key projects under the national energy development plan (Plan VIII), contributing to ensuring stable power supply for the northern region through a synchronized power grid (including a third-circuit transmission line from Quang Trach (Quang Binh) to Pho Noi (Hung Yen)) and the entire country. This project helps address local electricity shortages and ensures power supply and energy security for the northern region in the coming years.
During the ceremony, Project Management Board 2 (representatives of the Investor) and the consulting consortium (PECC3 and PECC1) officially signed the contract, marking an important milestone in the project implementation process. PECC3, as one of Vietnam’s leading consulting firms, has extensive experience with numerous LNG power projects similar to Quang Trach II, such as Hiep Phuoc, Son My II, and LNG Nghi Son, Mien Trung I&II, O Mon II, O Mon III, O Mon IV Power Plants. The contract scope includes tasks such as feasibility study reports, environmental impact assessment reports, and other specialized reports required to meet the approval criteria for the investment decision during the feasibility study phase. All parties committed to close cooperation to ensure the quality, progress, and effectiveness of the project.
Quang Trach II LNG Power Plant Project is expected to make a significant contribution to the socio-economic development and energy security of the region in the future, specifically as follows:
– Adding approximately 9 billion kWh of electricity annually to the national grid starting from 2030, primarily supplying power to Northern Vietnam.
– Significantly increasing the proportion of thermal power in the energy mix to address dry-season power shortages caused by depleted hydropower reservoirs and providing greater backup power for the grid.
– Promoting the use of imported liquefied natural gas (LNG) from countries such as the United States, Australia, Qatar, and Malaysia, etc. diversifying energy sources to ensure national energy security.
– Creating jobs for workers in the power plant with stable income, contributing to the socio-economic development of the locality and welfare in the surrounding area;
– Bringing significant revenue to the national budget through revenues.