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November 23, 2021

Van Phong Combined Cycle Power Plant, Vietnam

By Carmen

The Van Phong Combined Cycle Power Plant is 3,000MW gas fired power project. It is planned in Khanh Hoa, Vietnam. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 3,000 3,000 Permitting Khanh Hoa, Vietnam Electric Power Development

Description

The project is being developed and currently owned by Electric Power Development.

It is a combined cycle gas turbine (ccgt) power plant. The power plant can run on dual-fuel. The primary fuel being used to power the plant will be liquefied natural gas. In case of shortage of liquefied natural gas the plant will run on Diesel Oil. The fuel will be procured from vietnam oil and gas group.

The project cost is expected to be around $3,200m.

Development Status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.

About Electric Power Development

Electric Power Development Co Ltd (J-Power) is a wholesale electric utility that supplies hydroelectric and thermal power. It owns and operates a network of hydroelectric, thermal, wind and geothermal power plants. The company provides electricity and transmission services to major electric power companies in Japan. It constructs and operates power transmission and transforming facilities. J-Power’s other activities comprises environmental, telecommunications, overseas generation investment, consulting, selling of coal and resource management. The company owns and operates power generation facilities in several countries including Thailand, the US and China. J-Power is headquartered in Chuo-ku, 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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