Vietnam will officially launch the construction of an LNG power plant complex with a total investment of 3.6 billion US dollars in 2026. This is another core project promoted by Vietnam in the field of clean energy, following the landing of the first Renze 3 and 4 LNG power plants in the country. It is directly included in the key layout of the national energy development strategy.

Two power plants have been established in Guangzhi Province. Guangzhi No.2 will start construction in the first quarter of 2026 with an installed capacity of 1500 MW and an investment of approximately 2 billion US dollars. Guangzhi No.3 will also start construction in the fourth quarter of 2026 with an installed capacity of 1500 MW and an investment of approximately 1.6 billion US dollars. Vietnam Electricity Group will be the main investor, and all commercial operations will be completed by 2030.

Mature CCGT technology landing ensures efficient and clean power generation

The project will introduce the combined cycle gas turbine technology of General Electric Vernova, which has previously provided 9HA.02 series units for the Renze 3 and 4 power plants and is a core technology supplier in the LNG power generation field in Vietnam.

This technology is not a completely new development, but it is currently the top mature solution for LNG clean power generation. With advanced H/J-class turbines, the power generation efficiency can exceed 64%, significantly reducing carbon emissions compared to traditional coal-fired power plants. It can also flexibly adapt to the grid fluctuations of wind and photovoltaic power. Similar technologies have been implemented in many benchmark projects around the world.

Matching the quantitative goals of national energy transformation

After the two power plants are put into operation, they can provide about 18 billion kilowatt hours of clean electricity annually, directly filling the gap in Vietnam's power supply and increasing the proportion of green electricity in the overall energy structure.

The pace of project promotion fully conforms to the requirements of Vietnam's "Electricity Plan VIII". By 2030, the total installed capacity of LNG power generation in the country should reach 22524 megawatts. In the future, LNG hydrogen blending power generation and LNG supporting carbon capture projects will be gradually promoted. LNG, as a transitional clean energy source, is becoming the core support for Vietnam's transition from traditional fossil fuels to high proportion renewable energy.

The global CCGT market enters an expansion cycle

The global combined cycle gas turbine market is rapidly expanding, with a market size of approximately 34.89 billion US dollars by 2025, rising to 36.48 billion US dollars by 2026, and expected to reach 49.18 billion US dollars by 2032, with a compound annual growth rate of 5.02%. Keywords: LNG power plant, Vietnam energy plan

Provide practical examples for the construction of LNG power plants in other Southeast Asian countries.Editor/Cheng Liting