The Nghi Son Economic Zone Management Authority has invited five consortiums to participate in the bidding process for the Nghi Son liquefied natural gas (LNG)-fired thermal power plant project.
This project represents the third major development in Thanh Hoa province, following its oil refinery and petrochemical complex and an additional thermal power plant.
The invited consortiums are:
- A joint venture between JERA and Sovico
- A consortium comprising Korea Southern Power Company, Korea Gas Corporation, Daewoo Engineering & Construction Group, and Anh Phat Construction and Trading Investment
- Gulf Energy Development
- SK E&S Co., Ltd.
- A joint venture between Vietnam Oil and Gas Power Corporation and T&T Group
Located in Nghi Son town, the $2.4 billion project will span 68 hectares and feature a 1,500 MW LNG power plant, an LNG import port, a 1 km-long wave barrier, and additional port infrastructure. The project is expected to commence commercial operations before 2030 and has a 50-year implementation timeline. Investors are required to have a minimum equity capital of $362.5 million.
Interested bidders must provide a Letter of Guarantee from a credit institution or foreign bank branch authorized under Vietnamese law.
A pre-bidding conference will not be held. The bid submission deadline has been extended to 3 p.m. on September 30, 2024, shifting from the initial schedule. The Nghi Son Economic Zone Management Authority had originally planned to select the investor by the second quarter of 2024.
