Samsung, Lilama to build $1bn Vietnamese LNG-to-power project
South Korea's Samsung and Vietnamese contractor Lilama Corp have been awarded a $1bn engineering procurement and construction (EPC) contract for a 1,500-MW LNG-to-power project in Vietnam, Lilama said March 14.
Samsung and Lilama will build the Nhon Trach 3 and 4 gas-turbine units in the Dong Nai province, in southeast Vietnam. With each turbine due to offer 750 MW of installed capacity, the developers expect it should take 36 months to deliver the entire project.
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General Electric is the main equipment supplier for Nhon Trach 3 and 4. The project is aimed at satisfying "large areas of high load power" to Ho Chi Minh City and other areas of Vietnam's southern region.
It will be Vietnam's first regasified LNG-to-power plant once it launches, and will play a role in Hanoi's 2050 net-zero carbon pledge to phase down coal and oil-based electricity.
Vietnam's government said on October 8 that another 1,500 MW LNG-to-power facility is being built in Vietnam's northern Quang Tri province. Due to launch in 2026-27, the project will receive imports via a 1.5mn metric tons/year LNG receiving and regasification terminal.
Vietnamese industrial conglomerate T&T Group is putting up 40% of investment at Quang Tri, with the remainder sourced from Hanwha Energy Corp., Korea Southern Power Corp. and Korea Gas Corp.