Quynh Lap LNG Project in Vietnam... SK Innovation Holds Groundbreaking Ceremony for Power Plant Business

SK Innovation has officially launched a large-scale LNG power plant project in Vietnam.

Choo Hyungwook, CEO of SK Innovation, is giving a congratulatory speech at the groundbreaking ceremony for the Quy Nhon LNG Project technical infrastructure held on the 18th (local time) in Tan Mai district, Nghe An province, Vietnam. SK Innovation

On the 18th (local time), SK Innovation announced that it had held a groundbreaking ceremony for the 'Quynh Lap LNG Project' in the Tan Mai district of Nghe An province, Vietnam. The project is being promoted in partnership with PV Power, the Vietnamese state-run power company, and NASU, a local company affiliated with the TH Group.

The Quynh Lap LNG Project involves the construction of a 1.5 GW LNG combined cycle power plant and an LNG terminal in the Quynh Lap district of Nghe An province, approximately 220 kilometers south of Hanoi. The total project cost amounts to about 2.3 billion dollars (approximately 3.3 trillion won). Commercial operations are scheduled to begin in December 2030.

Notably, this project will be carried out using a Specialized Energy-Industry Cluster (SEIC) model, in which electricity generated by the power plant will be supplied directly to nearby industrial complexes and artificial intelligence (AI) data centers. SK Group plans to use this as a foundation to support the growth of Vietnam's high-tech industries.

About 300 people attended the event, including Choo Hyungwook, CEO of SK Innovation, as well as central and local government officials from Vietnam and key consortium members.

This content was produced with the assistance of AI translation services.