At the reception (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on July25 for investors who are planning to pour capital into a liquefied natural gas(LNG)-fueled power project in the Mekong Delta province of Bac Lieu.
The projecthas a total investment of 91.4 trillion VND (around 4 billion USD). It willcover an area of 100 hectares with a total capacity of 3,200 MW.
If theinvestors get support and cooperation from the government, ministries andsectors of Vietnam, they expect to begin operation of the first turbine with acapacity of 1,000 MW within the next three years.
Accordingto the investors’ report, the factory’s exhaust emission will be at low levelas compared to coal-fueled power projects and there is almost no other waste thatcan pollute the environment.
Bac Lieuprovince’s authorities evaluated the project as feasible and its electricity priceof 7 US cents is reasonable and lower than that of power produced bycoal-fueled plants, wind power or solar power farms.
PM Phucsaid the Mekong Delta holds great potential for gas-fueled power projects andmany investors have showed their desire to build such plants in the region.
Thegovernment leader assigned the Ministry of Industry and Trade, the Electricityof Vietnam Group (EVN), relevant ministries and agencies to add this project (ifhighly feasible) into the country’s power development strategy so that it couldstart producing electricity in 2021.
Herequested the Ministry of Planning and Investment, Bac Lieu province andconcerned ministries and agencies to instruct the investors complete investmentprocedures.
This is a bigproject, therefore all stages must be conducted strictly and in line withregulations, PM Phuc said, adding that the project must minimize its effects onthe environment and its electricity price must be competitive and progress mustbe ensured.-VNA
The projecthas a total investment of 91.4 trillion VND (around 4 billion USD). It willcover an area of 100 hectares with a total capacity of 3,200 MW.
If theinvestors get support and cooperation from the government, ministries andsectors of Vietnam, they expect to begin operation of the first turbine with acapacity of 1,000 MW within the next three years.
Accordingto the investors’ report, the factory’s exhaust emission will be at low levelas compared to coal-fueled power projects and there is almost no other waste thatcan pollute the environment.
Bac Lieuprovince’s authorities evaluated the project as feasible and its electricity priceof 7 US cents is reasonable and lower than that of power produced bycoal-fueled plants, wind power or solar power farms.
PM Phucsaid the Mekong Delta holds great potential for gas-fueled power projects andmany investors have showed their desire to build such plants in the region.
Thegovernment leader assigned the Ministry of Industry and Trade, the Electricityof Vietnam Group (EVN), relevant ministries and agencies to add this project (ifhighly feasible) into the country’s power development strategy so that it couldstart producing electricity in 2021.
Herequested the Ministry of Planning and Investment, Bac Lieu province andconcerned ministries and agencies to instruct the investors complete investmentprocedures.
This is a bigproject, therefore all stages must be conducted strictly and in line withregulations, PM Phuc said, adding that the project must minimize its effects onthe environment and its electricity price must be competitive and progress mustbe ensured.-VNA
VNA
