Article

Nghe An People's Committee has set criteria for selecting investors for the $2.23 billion Quynh Lap LNG power plant, which will feature a 1,500MW capacity and essential infrastructure including LNG storage and a dedicated port. Five investors, including a consortium led by PV Power and Japan's Sumitomo Corporation, are interested in the project, which aims for completion between 2025 and 2030. Investors are required to provide at least 15% equity of the total investment.