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Nghệ An breaks ground on super thermal power project worth nearly 60 trillion dong | Tuổi Trẻ (VN) | Src: Tuổi Trẻ (VN)

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Nghệ An province in Vietnam has commenced construction on the Quỳnh Lập LNG thermal power plant, a major energy project.
  • The project involves an investment of approximately 59.372 trillion Vietnamese dong and is a collaboration between Vietnamese and South Korean entities.
  • Upon completion, the plant is expected to significantly contribute to Nghệ An's economic growth and provincial revenue.

Nghệ An province has officially broken ground on the ambitious Quỳnh Lập LNG thermal power plant, a project of immense scale and strategic importance for the North Central region of Vietnam. The commencement of construction, coinciding with the 136th anniversary of President Hồ Chí Minh's birth, underscores the project's national significance. This endeavor represents the largest of 12 key projects in Nghệ An, signaling a major push towards industrial development and economic expansion.

Khi đi vào vận hành, Nhà máy nhiệt điện LNG Quỳnh Lập có thể đóng góp 6.000 - 7.000 tỉ đồng mỗi năm, trở thành một trong những nguồn thu lớn nhất của Nghệ An.

· Nghệ An Provincial LeadershipHighlighting the expected annual revenue contribution of the power plant to the province.

The project, with a total investment nearing 60 trillion Vietnamese dong (approximately $2.4 billion USD), is a joint venture involving the Vietnam Oil and Gas Group (PetroVietnam), Nghệ An Sugar Company, and South Korea's SK Innovation. Spanning over 152 hectares, the facility will include a 1,500 MW LNG power plant, LNG storage tanks, a regasification system, and a dedicated port capable of handling large LNG carriers. The plant is slated for operation between 2026 and 2030, with an estimated annual consumption of 1.15 million tons of imported LNG.

Dự án được UBND tỉnh Nghệ An chấp thuận chủ trương đầu tư vào tháng 2-2026 với tổng vốn đầu tư khoảng 59.372 tỉ đồng.

· Nghệ An Provincial GovernmentStating the total investment and approval date of the project.

This massive investment is projected to be a powerful catalyst for Nghệ An's economy, aiming to drive growth exceeding 12% over the next five years. Beyond providing a stable electricity supply for the national grid, the plant is expected to attract further industrial investment, rebalance the province's economic structure, and significantly boost its contribution to the Gross Domestic Product (GRDP). Provincial leaders anticipate that the plant will generate substantial and sustainable revenue for the province, potentially becoming one of Nghệ An's largest income sources, contributing an estimated 6 to 7 trillion dong annually once operational. This development marks a significant step in Nghệ An's industrialization journey, aligning with national energy security goals and economic development strategies.

Chủ tịch UBND tỉnh Nghệ An Võ Trọng Hải cho hay khi đi vào hoạt động, dự án không chỉ góp phần cung cấp nguồn điện ổn định cho hệ thống quốc gia mà còn tạo lực hút đầu tư vào lĩnh vực công nghiệp, nâng cao tỷ trọng công nghiệp trong cơ cấu kinh tế của Nghệ An.

· Võ Trọng Hải, Chairman of Nghệ An Provincial People's CommitteeExplaining the dual benefits of the project: stable electricity supply and attracting industrial investment.
About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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