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Energy

Samsung C&T wins $940m deal for Vietnam's first LNG power plant

Project with local partner slated to come online as early as 2024

With more than 20 liquefied natural gas power plants in the pipeline, Vietnam's transition from coal will help lower emissions. (Photo by Konosuke Urata)

HANOI -- Samsung C&T will partner with Vietnamese construction company Lilama to build Vietnam's first liquefied natural gas power facilities as the country works to pivot away from coal.

Lilama announced this week a $940 million engineering, procurement and construction contract alongside the Samsung group company to build two plants in the southern province of Dong Nai, with a total capacity of 1,500 megawatts. Turbines will be sourced from General Electric. Commercial generation is scheduled to begin between 2024 and 2025.

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