Vietnam awards license to Tokyo Gas, partners to build $2-B LNG power plant

12/18/2023

(Reuters) - Vietnam awarded an investment license to a consortium of Tokyo Gas, Kyuden International and Truong Thanh Group to build a $1.99-B LNG-fired power plant in its northern province of Thai Binh.

The license was awarded to the companies in Tokyo during a visit to Japan by Vietnamese Prime Minister Pham Minh Chinh to attend a Japan-ASEAN summit, the government said in a statement.

The 1.5-gigawatt power plant is one of a fleet of 13 LNG-fired plants with a combined capacity of 22.4 GW that Vietnam aims to develop by 2030.