$2.4 bln coal-fired power plant in central Vietnam nears completion, ready to connect to grid
The 1,320-MW Vung Ang II thermal power plant has completed 93% of the construction load and is ready to start trial production and connect to the national grid next month, according to Vung Ang II Thermal Power LLC (VAPCO), the legal representative of the project investor.
Last month, the $2.4 billion power plant project received its environmental certificate from the Ministry of Natural Resources and Environment, a key step for the facility in Ha Tinh province to enter first-phase operation.
The plant is scheduled to enter commercial operation mid-2025. Once fully operational, it can contribute 7.8 billion kWh to the national grid and pay VND30 billion ($1.19 million) to the state budget monthly.
A vessel delivering coals to the Vung Ang II thermal power plant in Ha Tinh province, central Vietnam. Photo courtesy of Ha Tinh news portal.
Japan’s Mitsubishi and Chugoku hold 40% and 20% stakes in the project, respectively. The remaining 40% is held by South Korea’s Kepco.
Vung Ang II thermal power plant is one of the six under-construction coal-fired plants featured in the national power development plan VIII (PDP VIII). The six plants, also featured in PDP VII, are expected to account for 6,125 MW of the total of 30,127 MW to be produced by all coal-fired power plants in Vietnam by 2030.
PDP VIII has already discontinued a dozen coal-fired power projects with a combined capacity of 13,220 MW.
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