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November 19, 2021

Bac Lieu Gas Fired Power Project, Vietnam

By Carmen

The Bac Lieu Gas Fired Power Project is 3,200MW gas fired power project. It is planned in Bac Lieu, Vietnam. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 3,200 3,200 Permitting Bac Lieu, Vietnam Delta Offshore Energy; Energy Capital Vietnam

Description

The project is being developed by Delta Offshore Energy and Energy Capital Vietnam. The project is currently owned by Delta Offshore Energy.

It is a combined cycle gas turbine (ccgt) power plant. The fuel will be procured from magnolia lng llc.

The project cost is expected to be around $4,000m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.

Power Purchase Agreement

The power generated from the project will be sold to Vietnam Electricity under a power purchase agreement. The power will be sold at the rate of $0.07kWh for a period of 25 years.

Contractors Involved

Bechtel is expected to render EPC services for the gas fired power project.

Bac Lieu Gas Fired Power Project (Bac Lieu Gas Fired Power Project Phase I) will be equipped with GE Power 9HA.02 gas turbines.

Bac Lieu Gas Fired Power Project (Bac Lieu Gas Fired Power Project Phase II) will be equipped with GE Power 9HA.02 gas turbines.

Bac Lieu Gas Fired Power Project (Bac Lieu Gas Fired Power Project Phase III) will be equipped with GE Power 9HA.02 gas turbines.

Bac Lieu Gas Fired Power Project (Bac Lieu Gas Fired Power Project Phase IV) will be equipped with GE Power 9HA.02 gas turbines.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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