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November 30, 2021

Vung Ang Coal Fired Power Plant II, Vietnam

By Carmen

The Vung Ang Coal Fired Power Plant II is 1,200MW coal fired power project. It is planned in Ha Tinh, 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 January 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 1,200 1,200 Permitting Ha Tinh, Vietnam Vung Ang 2 Thermal Power Joint Stock

Description

The project is being developed by Vung Ang 2 Thermal Power Joint Stock. The project is currently owned by Korea Electric Power with a stake of 40% and Vung Ang 2 Thermal Power Joint Stock.

It is a steam turbine power plant.

The project cost is expected to be around $2,200m.

The thermal power project will consists of 2 turbines each with 600 MW nameplate capacity.

Development Status

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

Power Purchase Agreement

The power generated from the project will be sold to Electricity Corporation of Vietnam under a power purchase agreement for a period of 25 years.

Contractors Involved

China Energy Engineering Group Guangdong Power Engineering, Doosan Heavy Industries & Construction, GE Power and Samsung C&T are expected to render EPC services for the coal fired power project.

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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