A liquefied natural gas-fired (LNG) power plant project with a price tag of US$4 billion in the Mekong Delta province of Bac Lieu has been put on hold three years after an investment certificate for it was issued.

The project, with a designed capacity of 3,200 megawatts, is considered the largest project of its kind in the southwestern region of Vietnam.

The Bac Lieu Province People’s Committee is supporting the investor of the project, Singapore’s Delta Offshore Energy Pte Ltd, to complete investment procedures, the committee reported on Wednesday.

The province is waiting for guidance from the Ministry of Industry and Trade and other relevant ministries and agencies to remove obstacles to the planning of a 500kV transmission line and bottlenecks in signing electricity sales contracts for the project.

The late commencement of the project has exerted an enormous impact on the implementation of the provincial Party Committee’s Resolution 04 to develop Bac Lieu into a clean energy center in the country, according to the provincial People’s Committee.

Therefore, it urged the Ministry of Industry and Trade to propose the prime minister allow the development of a 500kV transmission line and transformer station.

The province also suggested that the Ministry of Industry and Trade accelerate the negotiation and signing of the electricity sales contracts for the project.

The Bac Lieu People’s Committee granted the investment certificate for the LNG-fired power plant project in January 2020.

The investor pledged that it would complete preparation for the project by December 2020 and build an LNG storage facility in the next 36 months.

LNG pipelines would be installed to begin the operation the first turbine with a capacity of 750 megawatts by the end of 2023.

The investor would later put other turbines into operation so that the project could reach a capacity of 3,200 megawatts before December 2027.

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