Sembcorp Utilities to develop 750-megawatt gas-fired power project in Vietnam

It signed an MOU with the government of Quang Ngai Province.

Sembcorp Industries' (Sembcorp) subsidiary Sembcorp Utilities signed a memorandum of understanding (MOU) to develop a 750-megawatt gas-fired power project in the Dung Quat Economic Zone, in central Vietnam’s Quang Ngai province. The MOU was signed with the People’s Committee of Quang Ngai Province (Quang Ngai PC).

According to an announcement, this follows the signing of an MOU between Sembcorp and Vietnam’s Ministry of Industry and Trade (MoIT) in March 2017 for the development of this gas-fired power project under a 20-year build-operate-transfer arrangement. 

Under that agreement, Sembcorp has completed its feasibility study and has submitted the report to MoIT earlier this year for further review and evaluation.

Koh Chiap Khiong, head of Singapore, Southeast Asia, & China of Sembcorp, said, “We are committed as a long-term investor to Vietnam and hope to grow our offerings as an integrated energy player to support Vietnam’s move to cleaner energy sources to power the nation’s economic growth.”