Quang Trach II is a 1.61GW liquefied natural gas (LNG)-fuelled power project under development in Vietnam by the state-owned utility Vietnam Electricity (EVN).
The power plant is owned by EVN and implemented through the Power Project Management Board No. 2. Currently, it is the largest LNG‑based power generation scheme in the country.
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The estimated investment in the project is more than VND52,490bn ($1.99bn). Commercial operations are due to start during 2028/2029, with full completion targeted for 2030.
When in operation, the plant is projected to supply roughly ten billion kilowatt-hours of electricity per year to the national grid, which is estimated to be sufficient to meet the annual electricity consumption of approximately one million households.
Location
The Quang Trach II LNG-fired power plant is situated within the Hon La Economic Zone, in Phu Trach Commune, Quang Tri Province, Vietnam.
Development background
The Quang Trach II and Quang Trach III power plants are part of Vietnam’s National Power Development Plan VIII (PDP8), which seeks to increase renewable energy investment, modernise transmission infrastructure and shift away from coal to reduce harmful emissions.
The two power plants are estimated to have a total capacity of 3GW and supply power to the northern part of Vietnam.
Quang Trach II was originally approved as a coal-fired power plant in February 2021. Following the approval of PDP8, the project was modified to use combined cycle gas turbine technology.
The project is expected to help mitigate dry season supply gaps when hydropower output falls due to low reservoir levels and enhance system back-up capacity. It will also support the increased use of imported LNG from suppliers such as the US, Australia, Qatar and Malaysia, thereby broadening the fuel base and reinforcing national energy security.
Quang Trach II LNG power plant make-up
The Quang Trach II LNG power project will be equipped with two 9HA.02 combined-cycle gas turbine units, each rated at 806.4MW, along with two H78 generators from GE Vernova.
The 9HA.02 gas turbine is designed to provide flexible, dispatchable generation through efficient fuel-to-power conversion. It can reach full combined-cycle output in under 30 minutes and has a ramp rate of 88MW per minute.
The gas turbines are capable of operating with fuel blends containing up to 50% hydrogen, with a stated technology road map towards potential operation on 100% hydrogen.
The power plant will also feature associated auxiliary systems including water supply and treatment facilities, wastewater treatment infrastructure, electrical systems, and integrated measurement and control systems.
Gas supply details
The plant is set to operate on imported LNG, which will be re‑gasified and used as fuel for the gas turbines in a combined-cycle arrangement to enhance generation efficiency.
EVN signed a framework agreement with Vietnam Gas Corporation for the supply of LNG from the Vung Ang LNG terminal in Ha Tinh Province to the Quang Trach II and Quang Trach III power plants.
The two companies are currently evaluating the pipeline routes, as well as the siting of the LNG receiving facility stations, the gas distribution station and the gas offtake points within the power plant’s boundaries. Other technical aspects such as throughput, operating pressure and delivery temperature for gas supply are being evaluated.
Financing for Quang Trach II LNG power plant
The project is due to be financed through equity (20%) and commercial loans (80%).
The investment in the gas-fired power plant is structured in two components. Component 1, covering the power generation facility, has a total estimated investment of VND40.12tn. Component 2, comprising the LNG storage facilities and port infrastructure, is projected to require VND11.8tn.
In January 2026, EVN concluded a loan agreement with a consortium of four state-owned commercial banks for VND29.57tn to finance Component 1 of the project.
The lending institutions are Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade, Joint Stock Commercial Bank for Investment and Development of Vietnam and Vietnam Bank for Agriculture and Rural Development.
Vietcombank acted as the lead arranger on behalf of the lenders.
Contractors involved
In February 2026, EVN entered into an engineering, procurement and construction (EPC) turnkey contract for the power plant component of the project with a joint venture consisting of Power Construction Corporation of China and Viet Nam Machinery Erection Corporation.
In addition to EPC activities, the contract covers installation, pre‑commissioning and commissioning of the plant, with requirements to meet the agreed schedule, quality, safety and environmental standards.
In June 2026, GE Vernova received an order to supply two 9HA.02 gas turbines and two H78 generators for the project.
A consortium of Power Engineering Consulting Joint Stock Company 1 (PECC1) and Power Engineering Consulting Joint Stock Company 3 (PECC3) was awarded a contract in January 2025 to prepare a feasibility study, environmental impact assessment report and other specialised reports for the project. PECC1 and PECC3 are also serving as the project management consultants for the Quang Trach II LNG power plant.
