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Gazprom invests US$297 million in power project in central VN

The Prime Minister in 2020 approved Gazprom International’s investment (a subsidiary of Russia’s Gazprom Group) in the Quang Tri gas-fueled thermal power plant in the central province of Quang Tri.


Tập đoàn Gazprom đầu tư dự án điện khí 297 triệu USD tại Quảng Trị - Ảnh 1.

The meeting between Quang Tri authorities and representatives of Gazprom International.


Last week Chairman of Quang Tri Province Vo Van Hung met with Mr. Sergey Turmanov, General Director of Gazprom International, and senior officials from Gazprom Group as well as PetroVietnam to discuss the coordination between related sides to implement this project.

The plant has a capacity of 340 MW, using combined cycle gas turbine technology with a total investment of about US$297 million, in the form of a build-operate-transfer (BOT) contract.

The construction is scheduled for 27 months. The plant will be built on 42.23 hectares in the Southeast Quang Tri economic zone and use natural gas from an oil and gas field offshore Quang Tri province.

The plant, which is expected to be put into operation after 2023, will add more electricity to the power grid of the central region and the country in particular.

At the meeting, Quang Tri authorities asked Gazprom International to work closely with local agencies to complete negotiations and signing a memorandum of understanding with the Ministry of Industry and Trade on the project development roadmap according to the order prescribed by Vietnamese law.

Regarding Gazprom's recommendations on project mechanisms and policies, Quang Tri officials promised to coordinate with PetroVietnam and propose to competent authorities to offer favorable conditions for Gazprom in accordance with Vietnam’s law.

Previously, Quang Tri officials and representatives of Gazprom International had a working session with the Minister of Industry and Trade to discuss technical issues related to the project.

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