MoIT – Nam Dinh Coal-Fired Power Plant 2400 MW – Vietnam - Project Profile
"MoIT – Nam Dinh Coal-Fired Power Plant 2400 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 Ministry of Industry and Trade, Vietnam (MoIT) is undertaking the construction of a power plant in Nam Dinh Province, Vietnam.
The project involves the construction of a 2,400MW coal-based power plant on 251ha of land and is being executed in two phases of 1,200MW each. Both phases comprise of two units of 600MW capacity each.
It will include the construction of a powerhouse, substations, storage tanks, water cooling units and other related facilities, and the installation of turbines, generator, condenser, boilers, pressure vessel, transformers and safety systems, and the laying of transmission lines.
The project is planned to be implemented through public-private partnership (PPP) model on build-operate-transfer (BOT) basis.
The Vietnam National Coal-Mineral Industries Group (Vinacomin) will be responsible for the supply of coal required for the plant. The water required for the plant will be drawn from the Red River.
In June 2013, Mizuho Bank Ltd was appointed as a financial adviser, and Freshfields Bruckhaus Deringer and LVN & Associates as legal counselors.
Clifford Chance has been appointed as a financial advisor and Shearman and Sterling as legal advisor for first phase of the project.
In June 2014, Taekwang Power Holdings Co., Ltd signed an operation and maintenance (O&M) contract for the first phase with NOMAC, a subsidiary of ACWA Power International.
In July 2015, ACWA Power International and Taekwang Power received approval from the Vietnam government to commence construction on the first phase.
On January 18, 2016, MoIT signed an investment Build-Transfer-Operation (BOT) agreement with a consortium of investors including Taekwang Power and ACWA Power for the first phase.
POSCO Engineering & Construction (POSCO E&C) has been appointed as engineering, procurement, and construction (EPC) contractor for the first phase. Fichtner GmbH & Co. KG has been appointed as the Owner's engineers.
KEPCO Engineering & Construction Company (KEPCO E&C) has been appointed as Subcontractor. KEPCO E&C will undertake the engineering and procurement of condenser, heat exchanger, etc and will also on-site support work for installation, commissioning related to equipment. KEPCO E&C will undertake the engineering for the entire plant.
On December 30, 2016, KEPCO E&C signed a Memorandum of Agreement (MOA) with Doosan Heavy Industries & Construction (Doosan) to supply two 600MW-class turbine generators.
On July 3, 2017, ACWA Power and Taekwang Power Holdings Co received an investment certificate for the first phase of the project.
In July 2017, the first phase of the project obtained financial close. It will receive US$1,800 million finance from group of banks such as Mizuho Financial Group, DBS, DZ Bank, Korea Development Bank, MUFG and Standard Chartered and Export Credit Agencies (ECAs) such as Export–Import Bank of Korea (Kexim) and Korea Trade Insurance Corporation (K-sure). The equity portion US$500 million will be provided by Taekwang Power and ACWA power.
Construction on the first phase is expected to commence in mid-2018 and will take 57 months for completion. The timelines for second for phase are yet to be determined.
The project involves the construction of a 2,400MW coal-based power plant on 251ha of land in Hai Hau district, Nam Dinh province, Vietnam.
The US$4,600 million project includes the following:
1. Construction of a 1,200 MW power plant under first phase
2. Construction of a 1,200 MW power plant under second phase
3. Construction of a powerhouse
4. Construction of substations
5. Construction of storage tanks
6. Construction of water cooling units
7. Installation of turbines
8. Installation of generators
9. Installation of condensers
10. Installation of boilers
11. Installation of pressure vessel
12. Installation of transformers
13. Installation of safety systems
14. Laying of transmission linesReasons To Buy
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