THE PRIME MINISTER
THE SOCIALIST REPUBLIC OF VIETNAM
Freedom - Independence - Happiness
Hanoi, October 25 , 2019
On approving investment policies
for Dung Quat I Mixed Gas Turbine Power Plant Project
THE PRIME MINISTER
Pursuant to the June 19, 2015 Law on Organization of the Government;
Pursuant to the November 26, 2011 Law on Investment;
Pursuant to the June 19, 2015 Law on Organization of the Government
Pursuant to the Decree 118/2015/ND-CP dated November 12, 2015 of the Government on detailing and guiding the implementation of a number of articles of the Investment Law;
Pursuant to the Decree 59/2015/ND-CP dated June 18, 2015 of the Government on management of construction investment projects and the Decree No. 42/2017/ND-CP dated April 05, 2017 of the Government on amendments to the Government's Decree No. 59/2015/ND-CP dated June 18, 2015 on management of construction investment projects;
Pursuant to the Decree No. 32/2015/ND-CP dated March 25, 2015 of the Government on the construction cost management;
Pursuant to the Prime Minister’s Decision No. 428/QD-TTG of July 21, 2011, approving the master plan for national power development in the 2011-2020 period, with considerations up to 2030;
Pursuant to the document No. 51/TTg-CN dated July 12, 2017 of the Government on general process of the Blue Whale Gas Project Chain;
At the proposal of the Vietnam Electricity and the assessment result of investment policy for 02 Mixed Gas Turbine Power Plant Project of Dung Quat I and Dung Quat III at the document No. 4955/BC-BKHDT-GSTDDT dated July 17, 2019 of the Ministry of Planning and Investment.
Article 1. To approving investment policies for the Dung Quat I Mixed Gas Turbine Power Plant Project (Project) with the following contents:
1. Investor: Vietnam Electricity (EVN).
2. Name of the project: Dung Quat I Mixed Gas Turbine Power Plant Project.
3. Construction objectives: To supply sustainable electric source for the electric system of Central Region and nationwide; contribute to the assurance of energy security and safety electricity supply for the system and synchronize with the Blue Whale Gas Project Chain.
4. Investment construction scale:
- To invest in the construction of the combined cycle gas turbine power plant with the capacity of approximately 750MW;
- To invest in the construction of the shared technical items in Dung Quat Power Center.
- Dung Quat I Mixed Gas Turbine Power Plan in the Power Center in Binh Thanh commune, Binh Son district, Quang Ngai province;
- Official residences for operational management officers and employees of Dung Quat I and Dung Quat III Power Plant: at Van Tuong Urban Area, Binh Son district, Quang Ngai province.
6. Total investment (preliminary): VND 18,663.679 billion including the construction of the shared technical items in Dung Quat Power Plant Center.
7. Capital resource:
- Owner's equity of EVN: 20% of the Project’s total investment capital.
- Commercial loans of EVN: 80% of the Project’s total investment capital.
8. Implementation schedule:
The project shall be implemented synchronously with gas supply progress of the upstream project within the Blue Whale Gas Projects. The Project is expected to start in January 2021 and commercially operate in December 2023.
9. Investment incentives and support: comply with current law provisions.
Article 2. Organization of implementation
Click Download to see the full text