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November 24, 2021

Son My 1 Power Plant, Vietnam

By Carmen

The Son My 1 Power Plant is 2,250MW gas fired power project. It is planned in Binh Thuan, Vietnam. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2027.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 2,250 2,250 Permitting Binh Thuan, Vietnam Electricite de France; Kyushu Electric Power; Pacific; Sojitz

Description

The project is being developed and currently owned by Electricite de France, Kyushu Electric Power, Pacific and Sojitz. The company’s ownership stake in the project stands as 37.5%, 25%, 18.75% and 18.75% respectively.

It is a combined cycle gas turbine (ccgt) power plant.

The project cost is expected to be around $2,106.53m.

Development Status

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The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2027.

About Electricite de France

Electricite de France SA (EDF) is an integrated electricity provider. It has operations in the generation, transmission, distribution, energy supply, trading, energy services and other related services. The company produces electricity using nuclear, hydro, gas, fuel oil, coal and other renewable sources. EDF also carries out hydrocarbon exploration and production, waste recovery, gas supply, provides energy and environmental services, and manages heating and cooling networks, produces renewable energies, and industrial utilities. The company serves various residential, industrial, commercial, local authorities, companies and professionals in Africa, Asia, North America, Europe and other regions. EDF is headquartered in Paris, Ile-de-France, France.

About Kyushu Electric Power

Kyushu Electric Power Co Inc (Kyushu Electric) generates and distributes electricity. The company also constructs, maintains and repairs power generation facilities. It stores, vaporizes, delivers and sells liquefied natural gas (LNG); and purchases, operates, charters and rents LNG carriers. The company generates electricity from various sources including nuclear, thermal, hydroelectric, geothermal, internal combustion, wind, solar and biomass sources. Kyushu Electric’s non-energy businesses include IT and telecommunications, environmental and recycling businesses as well as lifestyle-oriented services. The company through IPP projects operates in Asia, North America, Latin America and Middle East. Kyushu Electric is headquartered in Kyushu, Fukuoka, Japan.

About Pacific

Pacific Corp is an investment company that carries out engineering, procurement and construction (EPC) and real estate operations. The company’s key investment areas include construction and development of thermal, hydro, solar and wind power plants. It also invests in infrastructure projects, transportation, industrial manufacturing plants, auxiliary industries and industrial defense parks. Pacific Corp’s real estate investments include the development of residential and commercial buildings such as shopping malls, offices and resorts among others. It also provides consulting services for power projects. The company serves to the energy, mining, and government sectors among others. It has operations in Binh Thuan, Ha Noi and Hoa Binh provinces of Vietnam. Pacific Corp is headquartered in Ha Noi, Vietnam.

About Sojitz

Sojitz Corp (Sojitz) is an integrated global trading and investment group. The company has interest in a wide range of businesses worldwide, including buying, selling, importing and exporting goods, manufacturing and selling products and planning and coordinating projects. The company also invests in various sectors, conducts financing activities and provides logistics and insurance services. It operates in a broad range of sectors, including automobiles, agricultural and forestry resources, chemicals, consumer goods, energy, foodstuff resources, industrial parks, mineral resources and plants. The company has operations in the Americas, Europe, the Middle East, Africa, Asia and Oceania. Sojitz is headquartered in Tokyo, Japan.

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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