Mitsubishi-Kepco invested central Vietnam thermal power plant plans trial run next month
Project developer Vung Ang II Thermal Power LLC (VAPCO) says the first turbine of the $2.4 billion, 1,320-MW Vung Ang II thermal power plant will begin trial operations next month.
The project, located in the central province of Ha Tinh, is invested by One Energy Asia Limited, in which with Japan’s Mitsubishi and Chugoku hold stakes of 40% and 20%, respectively. The remaining 40% stake is held by South Korea’s Kepco.
Work underway on Vung Ang II thermal power plant in Ha Tinh province, central Vietnam. Photo courtesy of Ha Tinh newspaper.
In a recent project report, VAPCO said the first turbine facility has completed installation of its boiler, exhaust gas treatment system, domestic wastewater treatment system, industrial wastewater treatment system, hazardous waste storage and ash-slag storage area.
It said the thermal power plant will utilize a mixture of coal and bitumen imported from Indonesia, Australia and other locations as raw material.
Construction of the project, located at the Vung Ang Economic Zone, began in October 2021 with South Korea-invested Doosan Enerbility Vietnam as general contractor.
The coal-fired power plant project is 75% financed by the Japan Bank for International Cooperation (JBIC).
In June, another report of the project pointed out that the power plant can put its first and second turbines into operation a month ahead of its original plan. The original plan is that the facility could begin commercial operation of its first turbine in July 2025 and then its second in November 2025.
Vung Ang II thermal power plant is one of 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 produced by all coal-fired power plants in Vietnam by 2030.
In keeping with Vietnam’s sustainable development growth target, all coal-fired power plants are set to use biomass and ammonia as fuel from 2050. PDP VIII has already discontinued dozens of coal-fired power projects with a combined capacity of 13,220 MW.
- Related News
- Read More
Citi-led consortium completes $521.5 mln loan for PV Power’s LNG power plants
A consortium led by Citi has completed a $521.5 million loan for PV Power, the power generation arm of state-owned energy giant Petrovietnam.
Banking - Tue, September 10, 2024 | 10:50 pm GMT+7
Philippines’ rice imports up 19% in eight months
Rice imports to the Philippines amounted to 2.8 million metric tonnes (MT) during the first eight months of this year, 19% higher than the 2.3 million in the same period last year, data from the country's Department of Agriculture (DA) showed.
Southeast Asia - Tue, September 10, 2024 | 9:54 pm GMT+7
Thailand’s daily wage increase plan sets to go ahead
Thai Labour Minister Phiphat Ratchakitprakarn has revealed that the country’s move to raise the minimum wage nationwide to THB 400 ($11.7) a day will be started from Oct. 1 despite concerns that the rise will harm businesses.
Southeast Asia - Tue, September 10, 2024 | 9:52 pm GMT+7
Thai tourism sector urged to brace for the worst
Tourism operators have warned Minister of Tourism Sorawong Thienthong to brace for a global economic downturn and fiercer competition next year, urging the government to start planning for the worst-case scenario from this year.
Southeast Asia - Tue, September 10, 2024 | 9:51 pm GMT+7
Indonesia, Singapore seal deal on renewable energy export
Indonesia signed an agreement to export renewable energy to Singapore, during the recent International Sustainability Forum (ISF) in Jakarta.
Southeast Asia - Tue, September 10, 2024 | 9:48 pm GMT+7
Thai baht volatility increases
The Thai baht has been experiencing a greater degree of volatility against the U.S. dollar than its regional peers, mainly due to market expectations of a U.S. policy rate cut and global gold prices.
Southeast Asia - Tue, September 10, 2024 | 9:47 pm GMT+7
Percentage of travellers refused entry into Singapore rises
Since automated immigration lanes were introduced for all foreigners at Singapore’s Changi Airport in May this year, a higher percentage of travellers have been refused entry into the country.
Southeast Asia - Tue, September 10, 2024 | 9:45 pm GMT+7
Malaysia reaffirms neutral foreign policy
Malaysian Prime Minister Anwar Ibrahim said Malaysia enjoys better international recognition now due to strategic cooperation with major powers such as China and Russia.
Southeast Asia - Tue, September 10, 2024 | 9:43 pm GMT+7
Individual investors send new securities accounts to two-year high, near 2025 target
Vietnam recorded over 330,950 new securities accounts in August, increasing slightly from July (329,982) and marking the highest number since May-June 2022, according to Vietnam Securities Depository and Clearing Corporation (VSD).
Finance - Tue, September 10, 2024 | 8:33 pm GMT+7
Japanese retailer Aeon opens first central Vietnam mall next week
Japanese retailer Aeon will officially inaugurate the Aeon Hue mall in Thua Thien Hue province, its first in central Vietnam and seventh in the country, next Monday.
Companies - Tue, September 10, 2024 | 6:05 pm GMT+7
Vietnam stock market outlook brightens for H2/2024: SSI Research
Vietnam’s stock market outlook could brighten in the last two weeks of September in particular and H2/2024 in general as a result of increased capital inflows from domestic investors, say analysts with SSI Research.
Finance - Tue, September 10, 2024 | 4:49 pm GMT+7
ThaiBev-run Sabeco plans to acquire majority stake in fellow brewer Sabibeco
Ho Chi Minh City-based Sabeco, controlled by Thai Beverage, plans to acquire an additional 37.8 million shares, or a 43.2% stake, in local brewer Sabibeco Group (SBB) this year, making it a subsidiary.
Companies - Tue, September 10, 2024 | 4:23 pm GMT+7
S Korea’s CS Wind to invest $200 mln in Vietnam to make wind power equipment
South Korea’s CS Wind, a major wind power equipment maker, will invest $200 million in a factory in Vietnam’s Mekong Delta province of Long An, making it among the biggest investments in the sector globally.
Energy - Tue, September 10, 2024 | 3:52 pm GMT+7
All operations suspended at Vietnam-China border gate after flooding: official
Import-export and immigration activities have been temporarily suspended at the Lao Cai-Hekou International Border Gate due to flooding and rising river levels.
Economy - Tue, September 10, 2024 | 2:53 pm GMT+7
Petrovietnam power unit aims to develop 1,000 EV charging stations by 2035
PV Power, a power generation unit under state-owned oil an gas major Petrovietnam, plans to develop 1,000 electric vehicle (EV) charging stations nationwide by 2035.
Energy - Tue, September 10, 2024 | 2:29 pm GMT+7
Vingroup’s tourism arm Vinpearl sees H1 profit up 2.8-fold
Vinpearl JSC, the hospitality arm of Vietnamese conglomerate Vingroup, booked a net profit of VND2,579 billion ($104.48 million) in H1/2024, skyrocketing 2.84-fold from the same period last year.
Companies - Tue, September 10, 2024 | 11:07 am GMT+7
