EVN secures financing for Quang Trach II LNG power plant

• 23 days ago (2026-01-19)
• David Flin

Asia 995 Gas 453

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Vietnam Electricity (EVN) has secured domestic financing for the Quang Trach II LNG-fired power plant.

EVN signed the loan agreement with four state-owned banks – Vietcombank , Vietinbank , BIDV , and Agribank – for a 1500 MW facility comprising two 750 MW using CCGT technology. It will be located in Quang Tri province, Vietnam. The development is valued at around €1.8 billion, which will be 20 per cent financed by equity and 80 per cent through loans.

The project consists of two main components: an electricity plant valued at €1.4 billion and an LNG storage and port facility valued at €400 million.

Commercial operation is scheduled to begin in 2028-29, with full completion expected in 2030.