The US, South Korea partners proposed the investment in LNG power projects in Vietnam

Deputy Prime Minister Trinh Dinh Dung receives a group of investors from the United States and South Korea. Photo: VGP/Nhat Bac.

At the reception, the representatives of enterprises affirmed their interest and desire to invest in LNG gas power projects in order to contribute to developing clean energy sources, ensuring adequate power supply for production and consumption, as well as to developing high quality human resources in the gas power field.

The group of investors confirmed that they have carefully studied the relevant conditions and desired long-term investment with ensuring the progress, quality and efficiency for the LNG power projects in Vietnam.

Recognizing the serious interest and long-term investment intention of the investors, DPM Trinh Dinh Dung highly appreciated the investors, banks interested in investing and developing energy from natural gas in Vietnam market.

The Deputy Prime Minister informed that currently Vietnam maintains a growth rate of electricity demand of about 10%/year. In the coming time, Vietnam will develop the power generation mix with a trend to reduce the proportion of coal power, increase electricity from LNG and renewable energy projects. Therefore, the Government of Vietnam always encourages and creates favorable conditions for domestic and foreign enterprises to cooperate and participate in energy projects in Vietnam. Given that, the investment should be in accordance with the Power Development Planning of Vietnam and the electricity generation costs must be competed.

PV.