The Swiber LNG Fired Power Plant is 2,400MW gas fired power project. It is planned in 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	2,400	–	2,400	Permitting	Vietnam	Equatoriale Energy

Description

The project is being developed and currently owned by Equatoriale Energy. The company has a stake of 100%.

It is a combined cycle gas turbine (ccgt) power plant.

The project cost is expected to be around $1,000m.

Development Status

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

Contractors Involved

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

About Equatoriale Energy

Equatoriale Energy Pte Ltd (Equatoriale), a subsidiary of Swiber Holdings Ltd, is a provider of integrated power solutions to offshore LNG infrastructure facilities. The company offer LNG logistic optimization services which include transportation schemes, logistic analysis, fleet count and capex optimization; power plant LNG conversions; energy logistics; LNG gas supply for power generation; and upstream solutions. It also builds small-scaled LNG terminals and regasification facilities to improve gas infrastructure and sustain domestic gas utilization in remote locations. The company’s floating LNG power plant Gen-Blue, provides electricity supply in the event of in-land calamities such as earthquakes and floods. The company serves customers worldwide. Equatoriale is headquartered in Singapore City, Singapore.

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.