Proposal to invest 2.4 billion USD in Quynh Lap II Thermal Power Plant project

(Baonghean.vn) - On the afternoon of October 19, provincial leaders had a working session with POSCO ENERGY Korea and POSCO Vietnam Holdings to listen to the proposal report for the Quynh Lap II Thermal Power Plant project.

Attending the meeting were comrades: Ho Duc Phoc - Secretary of the Provincial Party Committee, Nguyen Xuan Duong - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, Huynh Thanh Dien - Vice Chairman of the Provincial People's Committee. Also attending were representatives of leaders of provincial departments, branches and sectors and leaders of Hoang Mai Town.

On the side of the delegation, there were Mr. Kim Sung Byung - Deputy General Director of POSCO ENERGY Korea, An Sung Gu - Deputy General Director of POSCO Vietnam Holdings and members of the delegation.

Working scene.

Quynh Lap - Nghe An Power Center was approved for site planning under Decision No. 1395/QD-BCT dated March 20, 2009 and has been added to the national power planning of 7 countries. After the Quynh Lap I Thermal Power Project started construction on October 1, implementing the strategy of focusing on investing in countries with high development potential in the field of electric power, POSCO ENERGY wishes to continue researching and developing the Quynh Lap II Thermal Power Project.

According to the investor's summary report, the Quynh Lap II Thermal Power Plant Project is expected to be built in Quynh Lap commune, Hoang Mai town with a scale of 171 hectares, a capacity of 1200 MW, including 2 units of 600 MW. The plant's technology, capacity and unit configuration will be selected and designed to suit the fuel source, power system, cooling water source, meeting the environmental conditions, climate of Vietnam and other related factors so that the plant can operate with high availability, reliability and safety.

Comrade Ho Duc Phoc emphasized that investors need to pay attention to ensuring environmental hygiene to avoid negative impacts on people's health and lives.

Speaking at the meeting, comrade Ho Duc Phoc - Secretary of the Provincial Party Committee said that if POSCO ENERGY is determined to invest at a rapid pace, Nghe An province will actively work with the Government and the Ministry of Industry and Trade to soon turn the pre-feasibility project into reality and quickly put it into operation.

The Provincial Party Secretary affirmed that the synchronous implementation of the Quynh Lap I and Quynh Lap II Thermal Power Plants will create conditions to prevent waste in the process of connecting to the power grid, building ports, waste dumps, etc.

In addition, comrade Ho Duc Phoc also emphasized that when implementing the project, there needs to be coordination between Nghe An province and the investor in site clearance work, and requested that during the project preparation process, the investor must pay close attention to environmental issues, use the latest technologies, and avoid negative impacts on people's health and lives.

Mr. Kim Sung Byung - Deputy General Director of POSCO ENERGY Korea introduced POSCO ENERGY Korea.

A representative of Power Construction Consulting Joint Stock Company 1 presented the project proposal in detail, stating that the total investment of the project is more than 2.4 billion USD, expected to start construction in 2020, officially put into operation in 2024-2025 with about 270 employees.

Mr. An Sung Gu - Deputy General Director of POSCO Vietnam Holdings summarized POSCO's investment process in Vietnam, saying that the company's total investment in Vietnam currently amounts to more than 2 billion USD.

Representative of the working delegation, Mr. An Sung Gu - Deputy General Director of POSCO Vietnam Holdings expressed his wish to receive support from Nghe An province to shorten the negotiation process with the Government and relevant ministries and branches, and soon be approved as an investor to quickly prepare a feasibility study report and implement the Quynh Lap II Thermal Power Plant project.

Mr. An Sung Gu also pledged to try to speed up the project's progress, ensuring the environment according to current regulations of Vietnamese law after being considered and accepted by the Prime Minister and the Ministry of Industry and Trade, assigning POSCO ENERGY as the project investor under the BOT investment form.

Mr. Vo Van Hai - Member of the Provincial Party Committee, Head of the Southeast Economic Zone Management Board proposed that the Provincial People's Committee soon issue a document requesting the Government to allow POSCO to study and invest in the Quynh Lap II Thermal Power Project and requested POSCO to speed up the project preparation progress and implement it before 2018.

Concluding the working session, Comrade Nguyen Xuan Duong - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee expressed his belief that when the project comes into operation, it will provide the national grid with a large amount of electricity, contributing to ensuring energy security, creating jobs for local people and making a significant contribution to the provincial budget.

In recent times, Nghe An has been investing in building infrastructure systems including roads, electricity and water supply systems for Dong Hoi Industrial Park, preparing for the implementation of the Quynh Lap II Thermal Power Plant project.

Comrade Nguyen Xuan Duong delivered a concluding speech at the working session.

Comrade Nguyen Xuan Duong also requested POSCO to quickly send an official dispatch to the Government, the Ministry of Industry and Trade and the Provincial People's Committee to register for investment in the Quynh Lap II Thermal Power Plant project under the BOT form; and when approved, all work will be focused on, carried out urgently, firmly, and on schedule.

Thu Giang