MoIT – Van Phong I Coal-Fired Power Plant 1320 MW – Vietnam - Project Profile
"MoIT – Van Phong I Coal-Fired Power Plant 1320 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 (MoIT), Vietnam is planning to construct a coal-fired power plant in Khanh Hoa, Vietnam.
The project involves the construction of a 1,320MW (2 x 660MW) coal-fired power plant.
It includes the construction of a substation and a powerhouse, the installation of transformers, generators, turbines and power control systems, and the laying of transmission lines.
In November 2009, Sumitomo Corporation (Sumitomo) signed a memorandum of understanding (MoU) with MoIT to undertake the development of the project on build-operate-transfer (BOT) basis. Sumitomo will also consider arranging project finance from the Japan Bank for International Cooperation (JBIC) and other banks.
In August 2013, Pöyry was appointed as owner's engineer.
Initially, Sumitomo aimed to complete plant construction and start commercial operations in 2015. However, due to the slow pace of negotiations, the project has been delayed.
Vietnam Electricity Corporation has signed Power Purchase Agreement(PPA) with Sumitomo.
Allen & Overy and Vietnam International Law Firm was appointed as legal advisor and Sumitomo Mitsui Banking Corporation (SMBC) as a financial advisor.
Sumitomo is planning to invest US$2,640 million in developing the project.
JBIC will provide the fund of approximately US$1,800 million for the project.
MoIT expected to will gain approvals in the fourth quarter of 2017. Construction work is scheduled to be completed by end of 2019.
The project involves the construction of a 1,320MW (2 x 660MW) coal-fired power plant at Van Phong Economic Zone in Khanh Hoa, Vietnam.
The US$2,800 million project includes the following:
1. Construction of a substation
2. Construction of a powerhouse
3. Installation of transformers
4. Installation of power controlling systems
5. Installation of turbines
6. Installation of generators
7. Laying of transmission lines
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