Mitsubishi-KEPCO invested central Vietnam thermal power plant set to beat schedule
Project developer VAPCO says the $2.4 billion, 1,320-MW Vung Ang II thermal power plant can put its first and second turbines into operation a month ahead of its original plan.
In its latest environmental impact report, Vung Ang II Thermal Power LLC (VAPCO) says that the turbines can become operational in June and October 2025, respectively.
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.
Vung Ang II coal-fired power plant under construction in Ha Tinh province, central Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.
The coal-fired power plant project is 75% financed by the Japan Bank for International Cooperation (JBIC).
Construction of the project located at the Vung Ang Economic Zone, started in October 2021, with South Korea-invested Doosan Enerbility Vietnam as its general contractor.
It 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.
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