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November 30, 2021

Quang Trach I Power Plant, Vietnam

By Carmen

The Quang Trach I Power Plant is 1,200MW coal fired power project. It is planned in Quang Binh, Vietnam. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in June 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 1,200 1,200 Permitting Quang Binh, Vietnam Construction Corporation No.1; Hyundai Engineering & Construction; Mitsubishi; Vietnam Electricity

Description

The project is being developed by Construction Corporation No.1, Hyundai Engineering & Construction, Mitsubishi and Vietnam Electricity. The project is currently owned by Vietnam Electricity.

It is a steam turbine power plant. The power plant can run on dual-fuel. The primary fuel being used to power the plant will be coal. In case of shortage of coal the plant will run on Fuel Oil.

The project will generate 8,400,000MWh of electricity. The project cost is expected to be around $1,860m.

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

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Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by June 2024.

Contractors Involved

PetroVietnam Engineering Consultancy is expected to render EPC services for the coal fired power project.

About Hyundai Engineering & Construction

Hyundai Engineering & Construction Co Ltd (Hyundai E&C), a subsidiary of Hyundai Motor Co, is an engineering and construction contracting company. It provides civil and construction works for roads, bridges, harbors, highways and railways. Hyundai E&C also develops properties for residential, commercial and office businesses. The company executes construction projects for nuclear power plants, power generation and industrial plants, and oil, gas and petrochemical plants. Hyundai E&C offers services across total value chain of a project from design, finance, plan, marketing, and procurement. The company has an operational presence in several countries across Asia, Africa, the Middle East, Europe, and the Americas. Hyundai E&C is headquartered in Seoul, South Korea.

About Mitsubishi

Mitsubishi Corp (Mitsubishi) is an integrated company that develops and operates businesses across the industry including industrial finance, energy, metals, machinery, chemicals, living essentials and environmental business. The company manufactures and markets a wide range of products, including energy, metals, machinery, chemicals and living essentials through its domestic and overseas network. It is also involved in diverse businesses by investing in areas such as natural resources development and infrastructure, and engaged in finance businesses. Mitsubishi also creates new business models in the fields of new energy and the environment, and new technology-related businesses. It has operations in regions across Japan, North America, Latin America, Europe, Africa, Middle East, Asia and Oceania. Mitsubishi is headquartered in Tokyo, Japan.

About Vietnam Electricity

Vietnam Electricity (EVN) is an integrated electric utility that generates, transmits and distributes, and sells energy. The company produces power from hydro, coal, oil, and gas sources. EVN operates various power plants and electricity generation companies. It operates the entire national power transmission and distribution network and controls operation of the national power system through the National Load Dispatch Center. The company imports electricity from China and Laos, and exports power to Cambodia and Laos. It operates through power generation and distribution companies in Vietnam. EVN is headquartered in Hanoi, Vietnam.

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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