Vinh Tan 1 coal-fired thermal power plant one of the key projects approved by the PM to develop electricity supply from 2011 to 2020.
A ceremony was held in Hanoi on July 18 to announce the construction of the Vinh Tan 1 coal-fired thermal power plant in south-central Binh Thuan province, to be built under the build-operate-transfer (BOT) mode.
The plant will be located at the Vinh Tan Power Center and have a capacity of 2x600 MW, with total investment of around $1.75 billion. The China Southern Power Grid Co., Ltd, the China Power International Development Co., Ltd, and the Vietnam National Coal - Mineral Industry Holding Corporation Ltd (Vinacomin) will contribute 55 per cent, 45 per cent, and 5 per cent of the capital, respectively.
Construction is expected to take 48 months and the payback time for investors is 25 years, when the plant will then be transferred to the Vietnamese Government.
Director General of the General Department of Energy under the Ministry of Industry and Trade, Mr. Dang Huy Cuong, said that with its large capacity and investment the project will play an important role in ensuring power supply throughout the country.
The plant will begin commercial operations in 2019 with output of 9.5 billion kWh annually. The first machinery line will be in commercial operation in December 2018 and the second in June 2019.
The Vinh Tan 1 coal-fired thermal power plant is one of the key projects approved by the Prime Minister in planning for the development of national electricity supply from 2011 to 2020 and will resolve power shortages in the southern region. The project also marks the official start of applying advanced technologies in Vietnam’s thermal power sector.