Construction work on the US$6 billion LNG (liquefied natural gas) Chan May gas power project is due to begin during the first quarter of next year with the first phase of commercial operations launching in 2024, according to the People's Committee of Thua Thien - Hue province. 

The LNG Chan May gas power plant will be located in Chan May - Lang Co
Economic Zone in Thua Thien Hue province

Information regarding the schedule was released by Phan Ngoc Tho, chairman of the Thua Thien Hue province People's Committee, at a recent working session held alongside investors into the LNG Chan May Power Plant project, in addition to partners of the project.

Featuring a total capacity of 4,000 MW, the LNG Chan May gas power plant has been invested and developed by Chan May LNG Joint Stock Company, which is expected to be based in the Chan May - Lang Co Economic Zone.

The project is invested in the IPP (Independent Power Producer) form, with 60% of ownership coming from the United States, whilst the remaining 40% is sourced from Vietnam. Once the site comes into operation, the facility is expected to provide an average electricity output of between 24 billion and 25 billion kWh annually.

At present, the Chan May - Lang Co economic zone has attracted a total of 47 investment projects, with registered investment capital of over VMD79,300 billion.