SK E&S and T&T Group research LNG project in Quang Tri
A consortium of investors, including South Korea's SK E&S and Vietnam's T&T Group, have made a proposal to research the development of a liquefied natural gas (LNG) project in the central province of Quang Tri.
After reviewing the proposal, Quang Tri Department of Planning and Investment has given approval for the consortium to carry out a feasibility study.
However, Quang Tri authorities will still need to check if the project falls into the provincial master plan as well as National Power Development Plan VIII (PDP8).
In addition, the province is completing procedures to terminate an MoU on the construction of a long-stalled thermal power plant in the province. The MoU was signed by Thailand's EGAT International Co. Ltd and Quang Tri People's Committee.
Following the upcoming termination of the MoU, Quang Tri Department of Planning and Investment has recommended the granting of in-principle approval to the SK E&S and T&T Group consortium.
"According to PDP8, as of June 2024, if the Quang Tri thermal power plant project has not started, it can be switched from coal-fired to LNG power generation," said Pham Quang Minh, director of Quang Tri Economic Zones Management Authority. "The consortium of SK E&S and T&T Group has made a proposal to implement this project if the government approves the conversion from coal-fired to LNG power generation. The investors have also sent a proposal to the prime minister."
The 1,200MW thermal power plant would have covered 450 hectares in Quang Tri. The project, approved in 2013, has yet to be launched, although local authorities and EGAT held a groundbreaking ceremony in 2019.
By Thanh Van
Source: VIR
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