Hai Duong Thermal Power Plant

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Hải Dương Thermal Power Plant is a 1,200-megawatt (MW) coal plant under development in Hải Dương province, Vietnam.

Location

The map below shows the project site, in Phuc Thanh and Quang Trung communes, Kinh Môn district, Hải Dương province.

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Background

In Sept. 2011, workers broke ground on a 1,200-MW coal power plant in Hải Dương province. The project's sponsor is Malaysian company JAKS Resources, and the plant would cost $2.25 billion. One 600-MW unit is expected to be completed in late 2016, and the second in 2017. The plant would use coal supplied by Vinacomin.

In late 2012 and early 2013, three investment partners on the project — Island Circle Investment Holding (Malaysia), Meiya Power (China), and Sanjung Merpati (Malaysia) — terminated their partnerships with JAKS. In August 2013, the Vietnamese Minister of Industry & Trade pushed the contractors working on the plant, as well as provincial officials, to both accelerate the pace of work in order to finish according to schedule, and to ensure that planned local social and environmental mitigation projects are in fact built.

In March 2014, JAKS' partnership with Chinese company Wuhan Kaidi Electric Power Engineering lapsed, and Kaidi exited the project; Kaidi had been both the engineering, procurement, & construction (EPC) contractor for the project, as well as putting up 40% of the equity. However, since JAKS had already spent $31 million on the project, the company stated that it would continue to pursue the project, and would try to find investors to replace those that it had lost.

In July 2015, JAKS announced that it had reached agreement with China Power Engineering Consulting Group (CPECC) to build the plant. CPECC would put down $280 million and JAKS would front $125 million; the remainder of the plant's $1.87 billion cost would be financed through debt markets. Pending final approval of this new arrangement by the Vietnamese and Chinese governments, JAKS hopes to begin construction in early 2016 and complete the plant by 2020.

In March 2016, JAKS broke ground on construction. Unit 1 was scheduled to come online by December 2019, and Unit 2 by June 2020.

In August 2016, provincial officials said that the project was moving too slowly, and urged the Ministry of Industry & Trade to investigate further. The project's main sponsor, JAKS, was reportedly having financial difficulties.

In July 2017, a report in Báo Pháp luật Việt Nam (Vietnam Law Newspaper) on the dredging of sand for the development of the inland port section of the project questioned whether the project was the "tip of the iceberg" for illicit removal.

On August 2, 2017, concrete was poured for No. 11 boiler foundation of the plant.

In July 2018 it was reported that construction of the plant was 30% complete.

In June 2019 the completion date for Unit 1 was delayed to 2020 and the completion date for Unit 2 was delayed to 2021 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7).

Project Details

• Sponsor: JAKS Resources and China Power Engineering Consulting Group (CPECC)
• Parent company: JAKS Resources, Energy China (note: CPECC is a subsidiary of Energy China)
• Location: Phuc Thanh/Quang Trung communes, Kinh Môn district, Hải Dương province, Vietnam
• Coordinates: 21.0335, 106.41218 (exact)
• Status: Construction
• Gross Capacity: 1,200 MW (2 x 600 MW)
• Type:
• Projected in service: Unit 1: 2020; Unit 2: 2021
• Coal Type: Anthracite
• Coal Source: Vietnam (Vinacomin)
• Source of financing: 25% equity, 75% debt

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