Signed a consulting contract for Hiep Phuoc LNG Power Plant project phase 2
On June 18, 2026, at the headquarters of Power Construction Consulting Joint Stock Company 3 (PECC3), the signing ceremony of a survey consulting contract to prepare a Feasibility Study Report and specialized reports for the Hiep Phuoc LNG Power Plant phase 2 project took place. The event marked an important continuation in the cooperation between PECC3 and Hiep Phuoc Power Company Limited (HPPC) after the success of the Hiep Phuoc LNG Power Plant project phase 2. 1.
Context and significance of the project
In the context of Vietnam's increasing energy demand, especially the transition from fossil energy to clean energy while still ensuring stability, LNG (Liquefied Natural Gas) power projects play an important role in the national electricity system. Hiep Phuoc LNG power plant is expected to become one of the most modern gas power plants in Southeast Asia, contributing to energy security and socio-economic development of Ba Ria - Vung Tau province and the whole country.
Details of the contract signing event
The consulting contract signing ceremony for Hiep Phuoc LNG Power Plant phase 2 project took place in a solemn and meaningful atmosphere. Mr. Nguyen Van A - Chairman of the Board of Directors of PECC3 and Mr. Tran Van B - General Director of HPPC represented both parties to sign the contract.
According to the contract content, PECC3 will be responsible for consulting on surveys, preparing a Feasibility Study Report and specialized reports for the project. This work includes geological, hydrological, meteorological surveys, design data collection, environmental impact assessment, basic design, and other specialized consulting work.
Information about participating parties
Power Construction Consulting Joint Stock Company 3 (PECC3)
PECC3 is one of the leading electrical construction consulting companies in Vietnam with more than 50 years of experience in the field of electrical design consulting. The company has successfully implemented many large-scale domestic and international projects, especially gas power, thermal power, solar power and wind power projects.
Hiep Phuoc Power Company Limited (HPPC)
HPPC is the investor of the Hiep Phuoc LNG Power Plant project, a reputable energy enterprise with experience in implementing large-scale energy projects. The company has successfully operated the Hiep Phuoc LNG power plant phase 1 with a total capacity of 1,500 MW, making an important contribution to the Southern power system.
Detailed information about phase 2 project
Hiep Phuoc LNG Power Plant Phase 2 project has a total expected investment of about 2 billion USD, with a capacity of 1,500 MW, equivalent to phase 1. The plant will use modern, high-performance and environmentally friendly combined cycle gas power (CCGT) technology.
The project is built on an area of about 40 hectares in Hiep Phuoc Industrial Park, Can Gio district, City. Ho Chi Minh. It is expected that after completion, the plant will provide about 10-12 billion kWh of electricity/year, contributing to ensuring energy security for the Southern region and the whole country.
Project implementation roadmap
According to the plan, phase 1 of the project will complete survey work and prepare a feasibility study report within 12 months. After that, the project will be submitted to competent authorities for approval and construction will begin. It is expected that Hiep Phuoc LNG power plant phase 2 will go into commercial operation in 2030.
Meaning and importance of the project
The signing of the consulting contract for the Hiep Phuoc LNG Power Plant phase 2 project is important in ensuring national energy security and meeting the growing needs of the economy. The project also contributes to implementing Vietnam's commitment at COP26 to reduce greenhouse gas emissions and transition to clean energy.
In addition, the project will create thousands of direct and indirect jobs during construction and operation, contributing to socio-economic development locally and nationwide.
Comparison between phase 1 and phase 2 of the project
| Criteria | Stage 1 | Stage 2 |
|---|---|---|
| Capacity | 1,500 MW | 1,500 MW |
| Total investment | 1.8 billion USD | 2 billion USD |
| Technology | Combined Cycle Electrification (CCGT) | New generation combined cycle gas electricity (CCGT). |
| Amount of electricity produced | 10-12 billion kWh/year | 10-12 billion kWh/year |
| Operating time | Has been put into operation |
Conclude
The consulting contract signing ceremony for Hiep Phuoc LNG Power Plant phase 2 project is not only an important milestone in the cooperation between PECC3 and HPPC but also demonstrates the commitment of both parties to developing clean, efficient and sustainable energy projects. When completed, the project will make an important contribution to the national electricity system, ensuring energy security and promoting Vietnam's socio-economic development.