EVN Signs Loan Agreement for Subproject 1 of Quang Trach 2 LNG Power Plant
16:00 | 17/01/2026
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| The signing ceremony. |
The Quang Trach 2 Liquefied Natural Gas (LNG) Power Plant project has a total installed capacity of 1,500 MW, comprising two generating units of 750 MW each. The plant will apply combined-cycle gas turbine (CCGT) technology and will be constructed at the Hon La Economic Zone, Phu Trach Commune, Quang Tri Province.
EVN has been appointed as the project investor, with a total investment of more than VND 52.49 trillion. The capital structure includes 20% equity and 80% commercial loans. The project is divided into two subprojects: Subproject 1 – the power plant, with a total investment of VND 40.123 trillion; and Subproject 2 – the LNG terminal and port facilities, with an estimated investment of VND 11.8 trillion.
Subproject 1 aims to develop a power generation facility with a capacity of approximately 1,500 MW, including combined-cycle gas turbine generating units and auxiliary systems such as water supply and treatment, wastewater treatment, electrical systems, and integrated measurement and control systems.
To ensure project implementation, EVN has concurrently undertaken multiple preparatory tasks, including capital mobilization. The total loan value for Subproject 1 amounts to VND 29.568 trillion.
Leveraging their experience and leading role in financing national key infrastructure projects, the four banks in the consortium have closely coordinated to structure the funding package in full compliance with regulations, ensuring consistency, prudence, and efficiency. Timely access to credit financing provides a critical foundation for EVN to proactively advance the project on schedule while maintaining strict quality control.
The Quang Trach 2 LNG Power Plant is being developed to supply electricity to the national power system, thereby contributing to energy security and meeting the requirements outlined in Vietnam’s Power Development Plan VIII. The project is expected to help reduce harmful emissions and support environmental protection. Commercial operation is scheduled for the 2028–2029 period, with full project completion targeted for 2030./.
