According to a report of the People's Committee of Bac Lieu Province, the LNG Bac Lieu Gas Power Plant project of the Bac Lieu LNG Thermal Power Center has a total capacity of 3,200 MW, total investment of 93,600 billion VND (about US $ 4 billion). The onshore power plant complex is located in Vinh Hau A commune, Hoa Binh district with an area of 40 ha; LNG port warehouse complex is located in the waters of Bac Lieu province (an area of 100ha), 35 km from the power plant. Delta Offshore Energy Pte Limited Company (DOE) is the project owner and Bechtel Group is the EPC contractor for the project.

Mr. Duong Thanh Trung - Chairman of Bac Lieu People's Committee - said that the project will complete the preparation of investment by the end of December 2020 and deploy the next works, striving to complete the entire project first December 2027. Currently, investors are drastically implementing the investment preparation activities in accordance with commitments and provisions in the investment policy decision and investment registration certificate, ensuring progress.

However, Mr. Trung said that there were a number of unintended risks of investors that could lead to the delay of the project according to electricity planning 7. Specifically, prolonged Covid19 epidemic restricted travel of Technical experts are required to enter Vietnam to carry out the necessary work. The timely appraisal, and licensing comply with the law of Vietnamese competent agencies; the implementation of the 500KV transmission line project to bring electricity from the plant to the grid on schedule and especially the negotiation on signing PPA power purchase agreement with EVN around October 2020 is the basis and prerequisite for credit organizations to finance the project.

Mr. Ian Nguyen - DOE Executive Director - highly appreciated the Government of Vietnam, the Ministry of Industry and Trade and the government of Bac Lieu Province for supporting investors and partners in the project implementation process. Although the Covid-19 epidemic has affected the travel of experts and the administrative work of the parties, with appropriate measures, DOE has tried to implement work related to the project.