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November 30, 2021

Nam Dinh Thermal Power Plant I, Vietnam

By Carmen

The Nam Dinh Thermal Power Plant I is 1,200MW coal fired power project. It is planned in Nam Dinh, Vietnam. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2026.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 1,200 1,200 Permitting Nam Dinh, Vietnam International Company for Water and Power Projects; Taekwangpower Holdings

Description

The project is being developed and currently owned by International Company for Water and Power Projects and Taekwangpower Holdings. The company’s ownership stake in the project stands as 50% and 45% respectively.

It is a steam turbine power plant. The fuel will be procured from Vietnam National Coal and Mineral Industries Group(Vinacomin).

The project cost is expected to be around $2,300m.

The Coal fired project consists of 2 steam turbines, each with 600MW nameplate capacity.

Development Status

The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2026.

Power Purchase Agreement

The power generated from the project will be sold to Vietnam Electricity under a power purchase agreement for a period of 25 years. The offtake capacity is expected to be 1,109.4MW.

Contractors Involved

China Gezhouba Group International Engineering and POSCO Engineering & Construction are expected to render EPC services for the coal fired power project.

Taekwangpower Holdings and The First National Operation & Maintenance are expected to be contracted for rendering of operations & maintenance services for the project.

About International Company for Water and Power Projects

International Company for Water and Power Projects (ACWA Power) is a developer, investor, and operator of power generation, renewable energy and desalinated water production plants. It supplies electricity and potable water to its customers in the region. It generates power through coal, thermal, oil, gas, solar and wind technologies. ACWA Power also offers operation and maintenance services to power and water desalination industry through its subsidiary, the First National Operations & Maintenance Company. The company has operations across the Middle East, Africa and Asia. ACWA Power is headquartered in Riyadh, Saudi Arabia.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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