EVN/PV Power – Thai Binh Thermal Power Center 1800 MW – Vietnam - Project Profile

EVN/PV Power – Thai Binh Thermal Power Center 1800 MW – Vietnam - Project Profile


"EVN/PV Power – Thai Binh Thermal Power Center 1800 MW – Vietnam - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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The Vietnam Electricity (EVN) along with PetroVietnam Power Corp (PV Power) and National Power Transmission Corporation are undertaking the construction of a thermal power center project in Thai Binh, Vietnam.

The project includes the construction of a power complex with an installed capacity of 1,800MW. The complex will comprise two power plants.

The first plant, called Thai Binh 1, includes the construction of 600MW (2x300MW) power plant and is being constructed by EVN. The second plant, called Thai Binh 2, includes the construction of a 1,200MW power plant with two units and is being constructed by PV Power.

Electricity of Vietnam (EVN) and Electricity Generating Company No 3 (EVN Genco3) is the unit responsible for project management consultancy for first plant of the project.

The National Power Transmission Corporation is also planning to construct a 30km transmission line to ensure proper supply of power.

The plant will use 1.53 million tonnes of domestic coal to keep the production cost low and reduce high dependency on hydroelectric power, which currently accounts for 37% of the total power production in the country.

ODA loan is being used for procurement of goods and civil works related to the construction of the power plant and installation of transmission lines. The project is funded by the Japan Bank, World Bank, Asian Development Bank and Ordinary Capital Resources.

In March 2011, PV Power signed a contract worth US$1,200 million with PetroVietnam Construction Joint Stock Co (PVC) for the construction of Thai Binh 2 and the construction works commenced.

In May 2012, Toshiba Corporation, Sojitz Corporation and Korea's Daelim Industrial Co., Ltd was awarded the EPS contract from PVC for the Thai Binh 2 project.

Toshiba and Sojitz are responsible for design, manufacturing and supply of the steam turbines and generators and Daelim is responsible to handle overall plant engineering and construction schedule control, as well as procurement of boilers and auxiliary equipment.

In August 2012, Babcock & Wilcox Beijing Company (BWBC), a joint venture of The Babcock & Wilcox Company, was appointed as the sub contractor for Thai Binh 2. BWBC will design and manufacture two 600 MW boilers, boiler auxiliaries and two wet flue gas desulfurization units (FGD) for the coal-fired power plant.

Zhejiang Tiandi Environmental Protection Engineering Company, a licensee of B&W, will be supplying the two wet FGD units for Thai Binh 2.

On December 26, 2013, Marubeni Corporation was appointed as the EPC Contractor for the Thai Binh 1. Marubeni will procure steam turbines and generators from Fuji Electric Co., and boilers from Foster Wheeler.

On February 22, 2014, construction works on Thai Binh 1 commenced.

On January 7, 2015, Yokogawa Engineering Asia Pte Ltd, a subsidiary of Yokogawa Electric Corporation was awarded a contract from Toshiba Plant Systems & Services Corporation to deliver control systems for the first unit of the Thai Binh 1.

On February 3, 2015, Japan International Cooperation Agency (JICA) signed a loan agreement with the Vietnamese government for US$310 million for the Thai Binh 1 project.

On May 18, 2015, a groundbreaking ceremony of the installation of a steam drum for Unit 2 of the Thai Binh 2 was held.

In May 2015, 31% of construction works were completed. However, construction progress was delayed 40% against the schedule.

As of May 2016, 66% of the construction works completed in Thai Binh 2.

On May 23, 2017, construction works completed on Thai Binh 1 plant.

On July 24, 2017, EVN Genco3 announced to establish the Thai Binh Thermal Power Company for the management and operations of the first phase of the project.

Construction works on the Thai Binh 2 will complete by end of 2018.


The project involves the construction of a 1,800MW thermal power complex in Thai Binh, Vietnam.

The US$2,970 million project also includes the following:

1. Construction of 600MW Thai Binh 1 Power Plant

2. Construction of 1,200MW Thai Binh 2 Power Plant

3. Construction of 30km long 220kV transmission lineReasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.

1.Key Statistics
2.Key Dates
4.Operating metrics
5.Tender Information
8.Latest update
10.Key Contacts
11.General News, Project News

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