PM hosts investors interested in Bac Lieu power project
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on July 25 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.
At the reception (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on July
25 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 project has a total investment of 91.4 trillion VND (around 4 billion USD). It will cover an area of 100 hectares with a total capacity of 3,200 MW.
If the investors get support and cooperation from the government, ministries and sectors of Vietnam, they expect to begin operation of the first turbine with a capacity of 1,000 MW within the next three years.
According to the investors’ report, the factory’s exhaust emission will be at low level as compared to coal-fueled power projects and there is almost no other waste that can pollute the environment.
Bac Lieu province’s authorities evaluated the project as feasible and its electricity price of 7 US cents is reasonable and lower than that of power produced by coal-fueled plants, wind power or solar power farms.
PM Phuc said the Mekong Delta holds great potential for gas-fueled power projects and many investors have showed their desire to build such plants in the region.
The government leader assigned the Ministry of Industry and Trade, the Electricity of Vietnam Group (EVN), relevant ministries and agencies to add this project (if highly feasible) into the country’s power development strategy so that it could start producing electricity in 2021.
He requested the Ministry of Planning and Investment, Bac Lieu province and concerned ministries and agencies to instruct the investors complete investment procedures.
This is a big project, therefore all stages must be conducted strictly and in line with regulations, PM Phuc said, adding that the project must minimize its effects on the environment and its electricity price must be competitive and progress must be ensured.-VNA
The project has a total investment of 91.4 trillion VND (around 4 billion USD). It will cover an area of 100 hectares with a total capacity of 3,200 MW.
If the investors get support and cooperation from the government, ministries and sectors of Vietnam, they expect to begin operation of the first turbine with a capacity of 1,000 MW within the next three years.
According to the investors’ report, the factory’s exhaust emission will be at low level as compared to coal-fueled power projects and there is almost no other waste that can pollute the environment.
Bac Lieu province’s authorities evaluated the project as feasible and its electricity price of 7 US cents is reasonable and lower than that of power produced by coal-fueled plants, wind power or solar power farms.
PM Phuc said the Mekong Delta holds great potential for gas-fueled power projects and many investors have showed their desire to build such plants in the region.
The government leader assigned the Ministry of Industry and Trade, the Electricity of Vietnam Group (EVN), relevant ministries and agencies to add this project (if highly feasible) into the country’s power development strategy so that it could start producing electricity in 2021.
He requested the Ministry of Planning and Investment, Bac Lieu province and concerned ministries and agencies to instruct the investors complete investment procedures.
This is a big project, therefore all stages must be conducted strictly and in line with regulations, PM Phuc said, adding that the project must minimize its effects on the environment and its electricity price must be competitive and progress must be ensured.-VNA
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
Business
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
