Vingroup has submitted a proposal to include a series of large-scale renewable energy and liquefied natural gas (LNG) power projects, with an estimated investment of $25-30 billion, into the revised Power Development Plan VIII.

In a document sent to the Prime Minister and Deputy Prime Minister, Vingroup stated that, following the directive of Deputy Prime Minister Bui Thanh Son as outlined in Notice No. 63 dated February 26 by the Government Office, the corporation promptly conducted research and coordinated with local authorities and the Ministry of Industry and Trade to propose energy projects for inclusion in the revised Power Development Plan VIII and its implementation roadmap.

The proposed projects have been developed based on the criteria outlined by the Ministry of Industry and Trade. Additionally, to maximize project efficiency and align with power capacity distribution standards, Vingroup has taken into consideration several additional criteria, such as identifying provinces with potential land resources, assessing connectivity potential, and prioritizing areas near major load centers to establish large-scale energy hubs (with capacities exceeding 5,000 MW).

These hubs would capitalize on favorable wind and solar radiation conditions while selecting technologies and locations that optimize development time, production efficiency, and financial returns.

Based on this assessment, Vingroup has submitted the proposal to the Prime Minister and Deputy Prime Minister Bui Thanh Son, seeking approval for the inclusion of renewable energy and LNG power plant projects in the revised Power Development Plan VIII and its execution strategy.

Regarding renewable energy, Vingroup aims to implement a total capacity of 47,500 MW from 2025 to 2035, with the first phase from 2025 to 2030 accounting for 20,500 MW, requiring an estimated investment of $20-25 billion.

As for LNG power, Vingroup has proposed the inclusion of an LNG power plant in Hai Phong to offset the capacity of several large-scale thermal power projects facing delays, such as Nam Dinh I BOT Thermal Power Plant (1,200 MW), Quang Tri BOT Thermal Power Plant (1,320 MW), Vinh Tan III BOT Thermal Power Plant (1,980 MW), and Song Hau II BOT Thermal Power Plant (2,120 MW).

The Hai Phong LNG power plant will have a capacity of 5,000 MW, with implementation planned from 2025 to 2030, and an estimated investment of $5.5 billion.

Vingroup has affirmed that, leveraging its capacity and experience, it is committed to implementing 25,500 MW of renewable and LNG power projects from 2025 to 2030, with a total investment of $25-30 billion.

The remaining 27,000 MW will be developed during the 2031-2035 period as scheduled, ensuring the highest quality standards for all facilities.

Tam An