Want to be in the loop?
subscribe to
our notification
Business News
QUANG TRI TARGETS 6,000 MW WIND POWER CAPACITY BOOST
The central province of Quang Tri is seeking the Government’s approval to expand its wind power capacity by an additional 1,500-2,000 MW for onshore projects and 2,600-4,000 MW for offshore projects, according to the Vietnam News Agency.
Currently, Quang Tri is home to 31 wind power projects, primarily located in the mountainous districts of Huong Hoa and Dakrong. To date, 20 projects, with a combined capacity of 740 MW, have begun commercial operations.
However, 11 projects, totaling 424 MW, remain under development, facing delays due to grid connection challenges and unresolved technical agreements within the power sector.
In recent months, investor interest has grown in offshore wind power opportunities, particularly near Con Co Island and the coastal areas of Hai Lang District.
Promoting wind, solar, and gas-fired power investments is a priority for Quang Tri as it pursues its goal of becoming a central Vietnam energy hub by 2030. The province aims to achieve a total energy capacity of 9,000–10,000 MW as part of its broader energy development strategy.
As part of its energy transition efforts, Quang Tri has also proposed converting the Quang Tri 1 BOT coal-fired power plant into a liquefied natural gas (LNG) power plant.
This shift is expected to enhance environmental protection while leveraging existing infrastructure, including the Hai Khe resettlement area, which has received an investment of over VND250 billion for resident relocation.
The Quang Tri 1 BOT coal-fired power plant, invested in by Thailand’s Electricity Generating Authority (EGAT), was designed with a capacity of 1,320 MW and a total investment of over VND55,000 billion.
Construction began in 2019 in Hai Khe Commune, Hai Lang District, but the project encountered significant difficulties and was halted in 2024.
Source: The Saigon Times
Related News
VIETNAM'S REMARKABLE REBOUND AMID GLOBAL UNCERTAINTIES
With its strong growth rates and expanding infrastructure, Vietnam has positioned itself as an attractive destination for European businesses l…
THE STOCK MARKET AFTER TẾT 2025 PRESENTS BOTH CHALLENGES AND OPPORTUNITIES
Việt Nam’s stock market following the 2025 Lunar New Year (Tết Nguyên Đán) presents a complex landscape of risks and potential gains, driven by…
POSITIVE OUTLOOK FOR WOOD PRODUCT EXPORTS AFTER ROARING SUCCESS IN 2024
The woodworking industry will strive to achieve the export target of US$18 billion for this year, the Handicraft and Wood Industry Association o…
VIETNAM MEETS FIVE CRITERIA TO BUILD REGIONAL AND INT’L FINANCIAL HUBS
Vietnam possesses all five essential factors and conditions necessary to develop a modern financial market, paving the way for the establis…
VIETNAM'S E-COMMERCE MARKET SURGES TO US$25 BLN
The Ministry of Industry and Trade projected Vietnam's retail e-commerce market to exceed US$25 billion in 2024, a 20% increase from 202…
REAL ESTATE MARKET 2025: RECOVERY TRENDS AND NEW PROSPECTS
The year 2025 is expected to mark a new development cycle in the real estate market in Vietnam. According to experts, this will be a piv…
VIETNAM'S REMARKABLE REBOUND AMID GLOBAL UNCERTAINTIES
With its strong growth rates and expanding infrastructure, Vietnam has positioned itself as an attractive destination for European businesses l…
THE STOCK MARKET AFTER TẾT 2025 PRESENTS BOTH CHALLENGES AND OPPORTUNITIES
Việt Nam’s stock market following the 2025 Lunar New Year (Tết Nguyên Đán) presents a complex landscape of risks and potential gains, driven by…
POSITIVE OUTLOOK FOR WOOD PRODUCT EXPORTS AFTER ROARING SUCCESS IN 2024
The woodworking industry will strive to achieve the export target of US$18 billion for this year, the Handicraft and Wood Industry Association o…
VIETNAM MEETS FIVE CRITERIA TO BUILD REGIONAL AND INT’L FINANCIAL HUBS
Vietnam possesses all five essential factors and conditions necessary to develop a modern financial market, paving the way for the establis…
VIETNAM'S E-COMMERCE MARKET SURGES TO US$25 BLN
The Ministry of Industry and Trade projected Vietnam's retail e-commerce market to exceed US$25 billion in 2024, a 20% increase from 202…
REAL ESTATE MARKET 2025: RECOVERY TRENDS AND NEW PROSPECTS
The year 2025 is expected to mark a new development cycle in the real estate market in Vietnam. According to experts, this will be a piv…