HCMC – Khanh Hoa Province has approved the Trung Nam–Sideros River consortium as investor for the Ca Na LNG power project, with total investment of nearly VND57.4 trillion.
The People’s Committee of Khanh Hoa Province approved the investor selection under Decision No. 339/QD-UBND issued on January 28, with an approved electricity tariff of VND3,294.22 per kWh
The project will have an installed capacity of 1,500 megawatts and is classified as a key energy project in the south-central region.
The consortium will build the Ca Na LNG-fired power plant in Ca Na Commune, together with an LNG port, storage facilities and related auxiliary infrastructure, according to the decision.
The approved scope includes an LNG power plant with a capacity of 1,500 MW and an LNG terminal designed to handle 1.0–1.2 million tons per year.
Supporting facilities will include LNG storage and regasification infrastructure with a storage tank of about 220,000 cubic meters, LNG supply pipelines, a gas import berth, an eastern breakwater about 2,400 meters long, and related technical works.
The project is expected to use about 265.7 hectares of land and water surface. Around 33.4 hectares will be allocated for the power plant and technical corridors, while about 232.3 hectares of water surface will be used for the LNG terminal, port facilities and auxiliary structures. Final land use will be adjusted after completion of legal procedures.
Construction must be completed and commercial operation achieved before December 31, 2030.
The project will operate for 50 years from the date the investor is granted or leased land, or allowed to change land-use purposes.
The provincial government requires the investor to ensure sufficient equity and loan financing, submit full documentation on operations and maintenance experience for similar projects, legalize required documents and define clear implementation milestones for supervision.
The Khanh Hoa Department of Industry and Trade has been assigned to lead contract negotiations, submit the project contract for provincial approval, and disclose investor selection results in accordance with current regulations.
