Central Vietnam $1.7 bln thermal power plant to begin operations in 2026

By Truong Hoa, Thanh Tra
Wed, August 16, 2023 | 7:43 pm GMT+7

The Quang Trach I thermal power plant in Quang Binh province is expected to undergo a test run in September 2025 and become operational the next year.

The information was revealed by the Power Project Management Board 2 (PPMB 2) under state utility Vietnam Electricity (EVN) during a recent inspection of projects at the Quang Trach Power Complex by chief of the central province’s Party Committee Vu Dai Thang.

The board said that the project was about 40% complete at present and that its main packages were being implemented on schedule.

An illustration of Quang Trach I thermal power plant in Quang Binh province, central Vietnam. Photo by The Investor/Truong Hoa.

An illustration of Quang Trach I thermal power plant in Quang Binh province, central Vietnam. Photo by The Investor/Truong Hoa.

Infrastructure packages involving electricity supply systems, drainage channels and fences for the plant have basically been completed, the board said.

All prefabricated components for the plant’s coal import port have been finished and work on the breakwater part is around 63% complete.

The project consultant was finalizing necessary documents to submit to the Ministry of Industry and Trade for appraisal and the technical design for the project’s second phase has been approved by investor EVN.

The board also mentioned some problems facing the Quang Trach I project including site clearance, landfill planning, the building of anchorage areas for ships and resettlement areas for affected households.

The provincial Party chief said the plant was a key project of the province, so the provincial People’s Committee should direct relevant departments, agencies and Quang Trach district to speed up site clearance and construction of resettlement and ship anchorage areas.

“Provincial authorities will always stand by the investor to complete the project on schedule,” he said.

The Quang Trach I thermal power plant project covers about 48.6 hectares in Vinh Son village, Quang Dong commune, Quang Trach district.

The project was approved by the Prime Minister in Decision No. 428 dated March 18, 2016 on adjustments to the National Power Development Plan for the 2011-2020 period, with a vision to 2030 (adjusted PDP VII).

It consists of two turbines with a total installed capacity of 1,200 megawatts, with a total investment of VND41.13 trillion ($1.71 billion), 30% of which is EVN’s contribution. Once put into operation, the plant will add about 8.4 billion kWh to the national grid per year.

In June 2021, EVN signed an engineering, procurement and construction (EPC) contract with a consortium comprising Japan’s Mitsubishi Corporation, South Korea’s Hyundai Engineering and Construction (Hyundai E&C), and Vietnam’s Construction Corporation No.1 (CC1).

Meanwhile, another project at the complex, the Quang Trach II thermal power plant under the newly approved Power Development Plan VIII will be converted from a coal-fired plant to a liquefied natural gas (LNG)-powered one, the board said.

The conversion was approved by the government in February 2021, with EVN as developer. Work on the project is expected to commence in the fourth quarter of 2026 and be completed in 2030.

Six coal-fired power plants under the PDP VIII are under construction: Na Duong 1, An Khanh-Bac Giang, Vung Ang II, Quang Trach I, Van Phong I and Long Phu I. Van Phong I is the largest of these with a capacity of 1,432 MW.

Comments (0)
  • Read More
Halal market presents major opportunities for Vietnamese businesses

Halal market presents major opportunities for Vietnamese businesses

The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.

Economy - Thu, August 7, 2025 | 9:18 pm GMT+7

Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant

Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant

Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.

Industries - Thu, August 7, 2025 | 8:03 pm GMT+7

Vietnam’s army-backed construction firm proposes 14 offshore wind power projects

Vietnam’s army-backed construction firm proposes 14 offshore wind power projects

Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.

Energy - Thu, August 7, 2025 | 5:07 pm GMT+7

Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure

Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure

Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.

Companies - Thu, August 7, 2025 | 4:31 pm GMT+7

Northern Vietnam province accelerates $2.2 bln LNG-to-power project

Northern Vietnam province accelerates $2.2 bln LNG-to-power project

Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.

Energy - Thu, August 7, 2025 | 4:17 pm GMT+7

Vietnam's seafood firms ride profit wave ahead of US tariff hike

Vietnam's seafood firms ride profit wave ahead of US tariff hike

Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.

Economy - Thu, August 7, 2025 | 2:21 pm GMT+7

Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC

Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC

Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.

Companies - Thu, August 7, 2025 | 2:01 pm GMT+7

Indonesia, Malaysia, Thailand expand local currency transaction network

Indonesia, Malaysia, Thailand expand local currency transaction network

Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.

Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7

ASEAN to sign MoU on regional power grid implementation

ASEAN to sign MoU on regional power grid implementation

ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.

Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7

Vietnam overtakes Thailand to become world's second-largest rice exporter

Vietnam overtakes Thailand to become world's second-largest rice exporter

Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.

Companies - Thu, August 7, 2025 | 12:41 pm GMT+7

Vietnam posts trade surplus of $10.18 bln in 7 months

Vietnam posts trade surplus of $10.18 bln in 7 months

Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.

Economy - Thu, August 7, 2025 | 12:19 pm GMT+7

Malaysia pledges big purchases, investments with US

Malaysia pledges big purchases, investments with US

Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.

Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7

Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt

Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt

Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.

Companies - Thu, August 7, 2025 | 10:11 am GMT+7

Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil

Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil

Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.

Economy - Thu, August 7, 2025 | 9:57 am GMT+7

Malaysia steps up efforts to explore nuclear energy potential

Malaysia steps up efforts to explore nuclear energy potential

Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.

Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7

Indonesia's economy grows faster than expected

Indonesia's economy grows faster than expected

Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).

Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7