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.
- Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB
- Vietnam, US look to boost economic cooperation
- Vietnam's economic recovery on right track after pandemic: IMF
- Vietnam's economic recovery gaining momentum
- Hunt for human talent for tourism - Vietnam’s new normal: RMIT University
- Vietnam appreciates US’s support for prosperity and independence: PM
- US gears up to support for Vietnam in pandemic response, climate change: Biden
- Trade ministry proposes special mechanism for steel industry
- IFC aids Vietnam’s transition to low-carbon economic growth model
- Vietnamese PM meets American giant corporations in Washington
Vietnam opens doors for foreign investors in new business fields: PM
Dream of a riverside city
Where to go and what to do in Hanoi for locals and tourists?
Exhibitions mark President Ho Chi Minh’s 132nd birthday anniversary
The Vietnam-US comprehensive partnership facilitates investment activities: PM
FPT opens new office in New York, 10th in US
Vietnam’s e-commerce: driver for economic recovery in post-Covid-19
Vietnam, Qualcomm boost cooperation for 5G development
SEA Games 31 delegates get free Hanoi Bus Tour