THAI BINH LNG & GAS CENTER RECEIVED INVESTMENT REGISTRATION CERTIFICATE (IRC)

Thai Binh province has just awarded the investment registration certificate for the Thai Binh LNG thermal power plant project to a consortium of three investors: Tokyo Gas Company, Kyuden Power Company of Japan, and Truong Thanh Vietnam Group (Mernus Investment is a major TEG shareholder with  bought 6.1 million TEG shares) This is one of the 30 agreements and cooperation documents exchanged under the witness of Prime Minister Pham Minh Chinh at the recent Vietnam-Japan Economic Forum.

Thai Binh province grants investment registration certificate for the LNG Power Plant project worth 1.99 billion USD under the witness of Prime Minister Pham Minh Chinh.

The Thai Binh LNG thermal power plant project is a large-scale project with a capacity of 1,500 MW, with a total investment of about 2 billion USD. The project utilizes gas turbine power generation technology, modern mixed cycles, and high efficiency, with liquefied natural gas (LNG) as the main fuel, imported. 

To expedite the project's completion and operation, Thai Binh province proposes that investors promptly establish joint venture companies to implement the project as soon as possible; accelerate the approval process for pre-feasibility and feasibility studies; handle related procedures concerning the environment, land, etc. Additionally, investors are urged to immediately begin surveying the terrain, seabed structure, flow, and other hydrological issues to initiate investment as soon as possible, aiming not only to import gas for this project but also to import and distribute gas to Northern Vietnam. Furthermore, there is a need to focus on recruiting and training human resources from now on, with a preference for Vietnamese personnel, so that upon completion, they can grasp and master the technology to operate and maintain the project.

According to Mr. Shinichi Sasayama - CEO of Tokyo Gas Corporation, the group has invited Vietnamese experts to Japan to visit and transfer technology, ensuring a skilled workforce when the plant begins operations. Currently, the group also has factories and ports for gas import and distribution, thus ensuring compliance with the requirements set by Thai Binh province. Additionally, they hope to receive enthusiastic support during the project implementation from Thai Binh province.