Authorities of central Thanh Hoa province have announced a decision to reopen bidding for the Nghi Son LNG-fired power plant project, with a total investment capital estimated at more than VND55 trillion (over $2.1 billion).

The bidding invitation documents are issued from April 8 to June 10 this year.

Earlier this year, the province had to cancel the bidding due to updated legal frameworks.

Nghi Son LNG-fired power plant has a capacity of 1,500 MW.

Located to the south of Nghi Son port in Thanh Hoa province, the project will cover 68 ha, featuring the power plant, a warehouse, a regasification system, a wharf, and a ship anchoring zone.

Commercial operation is scheduled to begin prior to 2030.

Currently, there are five bidders, including a joint venture between Japan’s JERA Co Inc. and Vietnam’s Sovico Group; a consortium of the Korea Southern Power Company (KOSPO), the Korea Gas Corporation (KOGAS), the Daewoo Engineering & Construction Group (Daewoo E&C), and the Anh Phat Construction and Trading Investment JSC (APT); Thailand’s Gulf Energy Development Public Co Ltd; South Korea’s SK E&s Co Ltd; and a joint venture between the Vietnam Oil and Gas Power Corporation (PV Power) and the T&T Group JSC (T&T Group).