The project has estimated investment capital of VND59.37 trillion (around $2.3 billion).

The Investor of the Quynh Lap LNG-fired power plant project in
central Nghe An province received the investment certificate on the sidelines
of the Vietnam-Korea Economic Forum held in Hanoi on April 23.

The investor comprises SK Innovation (from South Korea), Petrovietnam Power Corporation, and Nghe An
Sugar Company.

The project, with total investment of VND59.37 trillion
(around $2.3 billion), will generate electricity using liquefied natural gas
(LNG) and include LNG storage and regasification facilities in line with
Vietnam’s national energy plan. It will feature a 1,500MW power plant, a
250,000-cubic-meter LNG storage system, a dedicated port, and supporting
infrastructure across nearly 153 hectares.

Expected to be completed and put into operation between 2025
and 2030, the plant aims to strengthen national energy security while boosting
industrial development in Nghe An.

Separately, local authorities and SK affiliates, including SK
Telecom, signed a memorandum of understanding to develop an AI data center and
related digital infrastructure, targeting global demand and advancing high-tech
investment in the region.

VnEconomy-Nguyễn Thuấn