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.
- Related News
- Read More
Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak
The exchange rate in Vietnam made a new peak on Thursday as the State Bank of Vietnam, the country’s central bank, increased its central exchange rate by VND26, or 0.11%, to VND24,304 per USD.
Banking - Thu, December 19, 2024 | 11:59 am GMT+7
Chip giant Synopsys opens office in Hanoi, fourth in Vietnam
Synopsys, a leading chip business based in California, opened its Hanoi office on Wednesday, the fourth in Vietnam after two in Ho Chi Minh City and one in Danang city, furthering its involvement in Vietnam’s semiconductor sector.
Companies - Thu, December 19, 2024 | 11:32 am GMT+7
Eleven people die as coffee shop in Hanoi burnt
Legal proceedings have been launched against a man in Hanoi who burnt down a coffee shop with gasoline in late evening Wednesday, killing 11 people.
Society - Thu, December 19, 2024 | 8:35 am GMT+7
Vietnam to be key link in global LNG chain on rising demand: experts
Vietnam is emerging as a potential LNG importer and expected to become a key link in the global LNG chain, says Nguyen Duc Tung from the Vietnam Institute of Strategy and Policy for Industry and Trade.
Energy - Thu, December 19, 2024 | 8:16 am GMT+7
Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate
Aigars Plivěs, a Latvian national, on Monday was sentenced to two years and nine months in prison for operating three companies that offered loans with high interest rates of 401-1,379.7% per year, earning illicit gains of more than VND4.15 trillion ($163 million).
Society - Wed, December 18, 2024 | 10:37 pm GMT+7
April Tea Shop to close down amid F&B sector woes
The Tiem tra thang 4 (April Tea Shop), a popular check-in and beverage destination for young people in Ho Chi Minh City, has announced it will shut down on December 25, ending a five-year journey.
Companies - Wed, December 18, 2024 | 9:56 pm GMT+7
New tourism trends seen in Thailand
Thailand is gearing up to attract more luxury and high-spending travellers in a bid to stimulate post-pandemic expenditure.
Southeast Asia - Wed, December 18, 2024 | 9:37 pm GMT+7
Thailand to allow more foreign workers in business
The Thai cabinet has approved in principle increasing the number of foreign workers at businesses to deal with labour shortage, according to Thai government spokesman Jirayu Huangsab.
Southeast Asia - Wed, December 18, 2024 | 9:25 pm GMT+7
Indonesia to build first nuclear power plant
Indonesia is planning to build its first nuclear power plant on Kelasa island in Bangka Belitung province.
Southeast Asia - Wed, December 18, 2024 | 9:18 pm GMT+7
Thailand announces research and innovation direction for 2025
The recent “Research X Innovation 2025” conference examined global trends and announced Thailand’s research and innovation direction for 2025.
Southeast Asia - Wed, December 18, 2024 | 8:49 pm GMT+7
Malaysia eyes to become ASEAN’s next-generation vehicle hub
The Malaysian Investment Development Authority (MIDA) has partnered with DRB-Hicom Bhd and Zhejiang Geely Holding Group Co. Ltd. to develop the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim, Perak, with a goal of turning the country into ASEAN’s hub for next-generation vehicles (NxGV) and energy-efficient vehicles.
Southeast Asia - Wed, December 18, 2024 | 8:46 pm GMT+7
Thai IP developer Amata eyes clean energy cooperation with northern Vietnam province
Amata Group of Thailand on Wednesday recommended the northern province of Quang Ninh foster cooperation in clean energy development in the time to come.
Investing - Wed, December 18, 2024 | 4:54 pm GMT+7
Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam
Czech-based Sev.en Global Investments, a multi-sector business, will expand its footprint to Asia, with Vietnam as a key market, the firm announced Wednesday.
Energy - Wed, December 18, 2024 | 3:43 pm GMT+7
Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec
The government should prioritize planning for designated growing areas and support product promotion to advance the development of products derived from medicinal herbs, said Pham Thi Xuan Huong, general director of OPC Pharmaceutical JSC.
Companies - Wed, December 18, 2024 | 2:15 pm GMT+7
Petrovietnam seeks WB support in offshore wind energy
State-owned Petrovietnam has called on the World Bank to provide support, including capital, to help with green energy projects, especially offshore wind power.
Energy - Wed, December 18, 2024 | 1:36 pm GMT+7
Masan High-Tech Materials exits its downstream business H.C. Starck
Vietnam's Masan High-Tech Materials on Wednesday announced the successful closing of the sale of 100% of H.C. Starck Holding (Germany) GmbH to Mitsubishi Materials Corporation Group.
Companies - Wed, December 18, 2024 | 1:24 pm GMT+7
