$2.8 bln thermal power plant set for National Day inauguration
Work on the foreign-invested Nghi Son 2 thermal power plant in Thanh Hoa province has been completed.
Provincial authorities and three developers - Korea Electric Power Corp. (Kepco), Marubeni and Tohoku Electric Power - plan to inaugurate the 1,200MW plant on September 2, Vietnam’s National Day.
Kepco contributed half of the project investment, while the figure for Japanese companies Marubeni and Tohoku is 40% and 10%, respectively.
Construction of the project in Nghi Son Economic Zone, which is also home to the $9-billion Nghi Son Refinery and Petrochemical complex, one of Vietnam’s two operational oil refineries, began in 2018.
Its developers had said the power plant would use cutting-edge technologies to ensure productivity and cut coal losses and emissions. As a build-operate-transfer (BOT) project, the plant will be transferred to state utility Vietnam Electricity (EVN) 25 years after operation.
The new facility, with two 600MW generators, and the operational 600MW Nghi Son 1 Power Plant are part of the Nghi Son Power Center, an energy complex ensuring electricity supply for the central province and nearby areas.
The Ministry of Industry and Trade has proposed that the government includes five coal-fired thermal power projects in the national power development plan VIII.
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