The winning investor for the Ca Na LNG power plant project with a capacity of 1,500 MW is the Trung Nam – Sideros River Consortium, with a total project implementation cost of VND 57,384.78 billion and an approved bid-winning electricity price of VND 3,294.22 per kWh.
On January 28, 2026, the People’s Committee of Khanh Hoa Province issued Decision No. 339/QD-UBND approving the results of investor selection for the Ca Na LNG Thermal Power Project.
Accordingly, the investor selected to implement the Ca Na LNG power plant project is the Trung Nam – Sideros River Consortium.
As approved, an LNG thermal power complex will be developed in Ca Na Commune, Khanh Hoa Province, comprising a power plant with a capacity of 1,500 MW, an LNG port and storage facility with a capacity of 1.0–1.2 million tons per year, and other auxiliary items to ensure national energy security.
 |
|
Planning of the Ca Na LNG Power Project.
|
The project’s expected land use area is approximately 265.7 hectares, of which the land area covering the LNG power plant and technical corridors accounts for about 33.4 hectares; the water surface area accounts for approximately 232.3 hectares, including the LNG storage and regasification facilities comprising one storage tank (approximately 220,000 m³), LNG supply pipeline, one LNG import jetty, an eastern breakwater with a length of 2,400 meters, and other auxiliary infrastructure serving the LNG import port.
The project scale will be recalculated after the completion of all construction and land-related procedures.
The total project implementation cost is VND 57,384.78 billion, and the proposed bid-winning electricity price is VND 3,294.22 per kWh.
The project is scheduled to complete construction and commence operation before December 31, 2030, with an operating term of 50 years from the date the investor is granted land allocation, land lease, or approval for land-use purpose conversion.
Decision No. 339/QD-UBND also notes that during contract negotiations and project implementation, the Trung Nam – Sideros River Consortium must commit sufficient capital (both equity and loan capital) to implement the project; supplement relevant documents concerning Power China’s experience in operation and maintenance (O&M) for similar projects; complete consular legalization during the contract negotiation process; and determine specific milestones as a basis for monitoring and urging implementation progress.
The investor must also commit to completing construction and bringing the project into operation before December 31, 2030, in accordance with the schedule stated in the bidding dossier, and to strictly comply with the requirements set out in the bidding documents and the commitments made in the investor’s bid dossier.
The Department of Industry and Trade of Khanh Hoa Province is assigned to negotiate the contract with the investor and submit it to the Provincial People’s Committee for signing (with attention to the comments of the Department of Finance in Appraisal Report No. 8494/STC-ĐTNNS dated December 31, 2025, to ensure compliance during contract negotiations); publicly disclose the investor selection results; publish key information of the project contract; and organize project implementation in accordance with Decree No. 115/2024/ND-CP, Decree No. 56/2025/ND-CP, and other applicable regulations.
Source: Bao Dau Tu (Investment Newspaper)