THAI BINH LNG POWER JOINT STOCK COMPANY ESTABLISHED

On the afternoon of January 26, the investor consortium consisting of Truong Thanh Vietnam Group Joint Stock Company, Tokyo Gas Group, and Kyuden Corporation of Japan held the inauguration ceremony for Thai Binh LNG Power Joint Stock Company.

Leaders of the province presenting flowers to congratulate the leadership of Thai Binh LNG Power Joint Stock Company (Image: Thai Binh Newspaper)

Attending the event were officials such as Ngo Dong Hai, Member of the Central Party Executive Committee, Secretary of the Provincial Party Committee; Nguyen Tien Thanh, Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Nguyen Khac Than, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; members of the Provincial Party Committee Standing Committee; leaders of the Provincial People's Council, Provincial People's Committee, and Provincial Delegation of National Assembly Deputies. From the Japanese side, Mr. Nobuta Tetsuhiro, Counsellor of the Japanese Embassy in Vietnam, and representatives from the Japan International Cooperation Agency in Vietnam were present.

Speaking at the ceremony, representatives of the investor consortium and the leadership of Thai Binh LNG Power Joint Stock Company expressed gratitude to the provincial leaders for approving the investment proposal for the Thai Binh LNG Power Plant project.

On December 16, 2023, at the ASEAN-Japan Investment Business Forum, in the presence of Prime Minister Pham Minh Chinh, Ngo Dong Hai, Member of the Central Party Executive Committee, Secretary of the Provincial Party Committee, awarded the investment registration certificate for the Thai Binh LNG Power Plant project to the consortium of three investors: Tokyo Gas Company, Kyuden Electric Power Company of Japan, and Truong Thanh Vietnam Group.

Thai Binh Province identified the Thai Binh LNG Power Plant project as crucial and the largest FDI project to date. Therefore, the province focused on implementing solutions in accordance with the National Power Development Plan for the 2021-2030 period, with a vision to 2050 (Power Plan VIII) of the Government, and related procedures for investing in the construction of the Thai Binh LNG Power Plant project. Just seven months after the approval of Power Plan VIII, the province made the decision to approve the investment proposal for the Thai Binh LNG Power Plant project, demonstrating its determination to expedite the project.

Comrade Vu Kim Cu, Member of the Provincial Party Committee Standing Committee, Director of the Planning and Investment Department, presented the business registration certificate to the investor consortium. (Image: Thai Binh Newspaper)

The Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee highly praised the capabilities of the project investors. He emphasized the significance of the launch event for Thai Binh LNG Power Joint Stock Company, showcasing the commitment of the investors to project implementation. He urged the company to develop specific plans, timelines, and prioritize resource allocation for timely project construction according to the outlined schedule. Additionally, he stressed the importance of strict compliance with legal regulations during the company's operations in the province. He affirmed the commitment of Thai Binh Province to accompany and provide the best conditions for the company's operations and the implementation of the investment and construction of the project, contributing to the socio-economic development of the province.

Representing Thai Binh LNG Power Joint Stock Company, Mr. Nguyen Trung Kien, Chairman of the Board of Directors of TTVN, spoke at the ceremony. (Image: Thai Binh Newspaper)

Truong Thanh Vietnam Group is the largest shareholder of Truong Thanh Energy and Real Estate Joint Stock Company (HOSE: TEG), with Mernus Investment currently being the second-largest shareholder, holding 15% of TEG's shares.