Issuing business registration certificate for Quang Ninh LNG Power Company

QN LNG Power is a consortium of contractors including: PetroVietnam Power Corporation - JSC (PV Power), Vietnam Mechanical and Erection Joint Stock Company (The Mechanical Processing - Colavi) and Japanese Corporations as Tokyo Gas Co,Ltd and Marubeni Corporation with the charter capital of 100 billion VND, from that PV Power contributes 30%.

In the recent time, PV Power and the consortium of investors made very drastic measures to deploy the steps of the project. The immediate task of the project is focusing on research, evaluation, preparation of the feasibility study report, the report on connecting QN LNG Power plant with the national power system. The establishment of QN LNG Power can be considered a large step for putting the project on planed schedule.

The Quang Ninh LNG power project is the first power project using imported LNG in the North of Vietnam with a capacity of 1,500 MW and the investment of more than 47,000 billion VND, started at the end of October 2021. The project is developed on an area of 60 ha in Cam Thinh ward, Cam Pha city, Quang Ninh province. The project expects to contribute to the local budget about 57,700 billion VND within 25 years.