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PM approves Dung Quat I and III combined cycle gas turbine power projects

Released at: 13:48, 30/10/2019

PM approves Dung Quat I and III combined cycle gas turbine power projects

Photo: Viet Tuan

Approval given to investment policy for two projects in central Quang Ngai province.

by Nghi Do

The Prime Minister has approved the investment policy for two combined cycle gas turbine power plant projects - Dung Quat I and Dung Quat III - in central Quang Ngai province.

Investment in the construction of the two projects is to provide a stable source of electricity for the central region’s electricity grid, contributing to ensuring energy security and safety of electricity supply for the network and synchronization with the Blue Whale Gas Project. Each project has a capacity of about 750MW.

Both have been implemented synchronously with the gas supply schedule of the upstream project under the Blue Whale Gas Project. The Dung Quat I combined cycle gas turbine power plant is expected to get underway in January 2021 and begin commercial operations in December 2023, with total investment (preliminary) of VND18.66 trillion ($806.7 million).

Dung Quat III is expected to commence in January 2022 and be put into operation in December 2024, with total investment of VND17.5 trillion ($755.7 million).

Electricity of Vietnam (EVN) contributed 20 per cent of investment capital and a commercial loan for the remainder.

The Prime Minister assigned the Ministry of Industry and Trade to direct the investor to carry out the upstream project to clarify the composition of gas and gas parameters to ensure the progress and efficiency of investment of the whole Blue Whale Gas Project.

At the same time, the Ministry needs to inspect, supervise, and direct EVN in selecting the configuration of the set to ensure the capacity and efficiency of investment and clarifying the technological issues of the two projects, especially the combined gas turbine technology when the plant uses gas with low calorific value and high inert gas content exploited at Blue Whale.

The Ministry of Natural Resources and Environment will support and guide the Quang Ngai Provincial People’s Committee in allocating and leasing land and permitting changes to land use purposes to implement the two projects in conformity with master plans on land use, which have been approved by competent authorities in accordance with the Land Law; support and guide EVN in completing documents and implementing procedures on environmental impact assessments for the projects in accordance with the Law on Environmental Protection; and evaluate and approve environmental impact assessments to meet the schedule for investment project approval.

The Prime Minister assigned the Committee for State Capital Management at Enterprises to direct investors on implementing the subsequent steps in investment preparation and construction investment at the two projects under current regulations, ensuring targets, progress, and investment efficiency are met and safety in the course of construction and operation of works is ensured.

The Committee for State Capital Management at Enterprises will check, supervise, and clarify EVN’s capital mobilization according to the project implementation process, and on that basis direct EVN to formulate financial plans for project implementation, ensuring investment efficiency and efficiency in using, preserving, and developing State capital in accordance with law.

The Prime Minister also asked the Quang Ngai Provincial People’s Committee to be responsible for the contents of project file appraisals, check the financial capacity of the investor to ensure it is eligible for land allocation, land lease, and conversion of land use purposes to carry out the project according to the schedule and the provisions of the Law on Investment and the Land Law.

EVN is responsible for information and data in the project file, the efficiency of project investment, using, preserving, and developing State capital in accordance with the law, and organizing implementation and project management in accordance with the law.

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