Thailand's EGATi kicks off US$2.4 billion coal-fired power project in Vietnam
The power plant is expected to become operational in July 2023, using up to 3.6 million tons of coal per year.
Thailand’s EGAT International Co., Ltd (EGATi) last week kicked off construction of a thermal power plant in Vietnam which costs VND55 trillion (US$2.37 billion), local media reported.
|Construciton of Quang Tri 1 Thermal Power Plant kicked off. Photo: Baoquangtri|
EGATi, a wholly owned subsidiary of the Electricity Generating Authority of Thailand (EGAT), will build the 1,320-megawatt Quang Tri 1 Thermal Power Plant in the form of build-operate-transfer (BOT) for a 25-year period.
Located in the central province of Quang Tri, the plant would use imported coal which is likely to reach a maximum of 3.6 million tons per year.
The first generator is scheduled for commercial operation in July 2023 and the second one in January 2024, according to EGATi.
|Investors of Quang Tri 1 Thermal Power Project. Photo: EGATi|
The two-turbine plant will be jointly developed by three investors namely EGATi, Thailand’s Electricity Generating Public Co., Ltd (EGCO), and Japan’s Kyushu Electric Power Co, Inc. (Kyushu) under the Joint Development Agreement (JDA) signed in 2016.
In August 2011, EGATi expressed interest in investing in Quang Tri 1 Thermal Power project which has been included in Vietnam’s Power Development Plan VII (by 2020 and vision to 2030).
Two years later, the government of Vietnam approved EGATi as an investor for the project.
|Vietnam's imported coal in 2014-10/2019. Data: Vietnam Customs. Chart: Linh Pham|
Vietnam, one of Asia’s fastest growing economies, has become more reliant on coal for electricity production though it has promoted renewable energy.
The imported volume hit 36.8 million tons in the first 10 months of 2019 from 23.78 million tons in 2018, statistics by the General Department of Vietnam Customs showed.
Vietnam’s coal suppliers include Indonesia, Australia, China, and Russia.
- Agritech, Greentech, Deeptech and Foodtech - foreign funds interests in Vietnam
- New businesses formation hits record high in H1
- Vietnam's GDP in 2Q hits decade-high
- Vietnam to draft national action plan for circular economy adaptation
- Vietnamese Goods and Gastronomy Week underway in the UK
- Vietnam – Germany, dynamic duo for energy transition: GIZ
- VCCI proposes to scrap excise tax on petrol
- Hanoi hosts launching of national cybersecurity incident coordination platform
- Hanoi determined to become an engine for the nation’s prosperity
- Vietnam eyes stronger trade and investment cooperation with India
Vietnam to draft national action plan for circular economy adaptation
Hanoi welcomes over 8.6 million visitors in first half of 2022
Agritech, Greentech, Deeptech and Foodtech - foreign funds interests in Vietnam
Australian Foreign Minister enjoys Pho ga in Hanoi
Hanoi GRDP growth hits 7.79% in first half
Hanoi selects final design of Tran Hung Dao Bridge
Fiercer storms forecast to hit Vietnam towards year-end
Bun cha listed in the British Queen's Platinum Jubilee Cookbook
Hanoi seeks UNESCO’s support in culture, education and tourism