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November 26, 2021

Vinh Tan Coal Fired Power Plant III, Vietnam

By Carmen

The Vinh Tan Coal Fired Power Plant III is 1,980MW coal 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 2022 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 1,980 1,980 Permitting Binh Thuan, Vietnam CLP Holdings; Vinh Tan 3 Energy Joint Stock

Description

The project is being developed by CLP Holdings and Vinh Tan 3 Energy Joint Stock. OneEnergy, Vietnam Electricity and Pacific are currently owning the project having ownership stake of 49%, 29% and 22% respectively.

It is a steam turbine power plant.

The project will generate 12,000,000MWh of electricity. The project cost is expected to be around $2,700m.

The Coal fired project consists of 3 steam turbines.

Development Status

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

Power Purchase Agreement

The power generated from the project will be sold to Vietnam Electricity under a power purchase agreement.

Contractors Involved

Harbin Electric is expected to render EPC services for the coal fired power project.

About CLP Holdings

CLP Holdings Ltd (CLP) is an investor and operator in the energy sector of Asia Pacific region. It invests in power generation, transmission and distribution, and electricity and gas retail activities. The company sources energy from its generating assets, and long-term capacity purchase and offtake arrangements. CLP produces electricity using coal, nuclear, natural gas, wind and solar sources. It operates transmission and distribution lines and primary and secondary substations; sells gas; and has interests in various power plants that are under construction and development phases. The company has operations in Hong Kong, China, India, Taiwan, Australia, Vietnam and Thailand. CLP is headquartered in Hong Kong.

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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