Petrovietnam Power, SK Innovation start building $2.2 billion Vietnamese LNG power plant

SK Innovation

18/05/2026 08:58

HANOI, May 18 (Reuters) - Petrovietnam Power POW.HM and South Korea's SK Innovation 096770.KS on Monday started construction of an LNG-fired power plant with a price tag of $2.2 billion, the Vietnam government said.

The 1,500-megawatt Quynh Lap plant in Nghe An province is scheduled to start commercial power generation by 2030, the government said in a statement.

Vietnam is seeking to develop a fleet of LNG power plants with combined capacity of 22.5 gigawatts by the end of this decade.

The country currently has two operational LNG power plants, Nhon Trach 3 and Nhon Trach 4 in the southern province of Dong Nai.

(Reporting by Khanh Vu; Editing by Martin Petty)

((khanh.vu@thomsonreuters.com; +84 24 38259623; Reuters Messaging: khanh.vu.thomsonreuters.com@reuters.net/))