Nghi Son power station

{{#badges:CoalSwarm|Navbar-Vietnamcoal}}Nghi Sơn power station is a 1,920-megawatt (MW) coal plant project under development in Thanh Hoa province, Vietnam.

Location

The map below shows the plant's site, with Nghi Sơn 1 operating to the south and Nghi Sơn 2 under construction on the north. The site is in the Nghi Sơn Economic Zone, in Hải Hà commune, Tĩnh Gia district, Thanh Hoa province. Satellite photography between August 2018 and December 2018 shows the plant under construction.

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Background

The Nghi Sơn Economic Zone was created in 2005, and its future plans called for a power plant project totaling 1,800 MW.

Also within the Nghi Sơn Economic Zone is the nearby Cong Thanh power station, which is also currently under development; several miles to the south, across the provincial border in Nghệ An province, is the Quynh Lap power station project site.

Nghi Sơn-1

In June 2010, project sponsor Electricity of Vietnam awarded the construction contract for the 600-MW, $1.2 billion Nghi Sơn-1 coal-fired power plant to Japan's Marubeni Corporation. Construction began in July. The plant's first 300-MW unit went online in June 2013; the second unit came online in June 2014.

Nghi Sơn-2

In March 2013, the Vietnamese Ministry of Industry and Trade awarded a build-operate-transfer (BOT) contract for the 1,320 MW gross (1,200-MW net) Nghi Sơn-2 coal-fired power plant to a consortium consisting of Marubeni Corporation and Korea Electric Power Company (KEPCO). The plant is scheduled to come online in 2018; the two companies will then own and operate the plant for 25 years, after which ownership will revert to Electricity of Vietnam.

In August 2014, the project's developers and provincial authorities pushed to accelerate the plant's development process, in order to ensure that it would be able to be built on schedule. At that time, some financial, and contract details were still outstanding. As of April 2015, construction was expected to begin in August.

Land clearing began on the project in September 2015. The project did not begin actual construction at that date, however, as the project was still being negotiated.

In November 2016, Vietnam's Ministry of Industry and Trade approved a new build-operate-transfer (BOT) contract by Marubeni and KEPCO. The project would cost US$2.3 billion, with 50% coming from the two companies and 50% from a consortium of banks. Unit 1 was scheduled to come online by Sept. 2019, and Unit 2 by March 2020.

In November 2017 KEPCO finalized the US$2.3 billion (2.56 trillion won) contract with Electricity of Vietnam (EVN). KEPCO said it will break ground this year and complete the project in 2021. Once completed, KEPCO will operate it for 25 years before transferring it to the Vietnamese.

In July 2018, Doosan Heavy Industries & Construction Co. said it had commenced the delayed construction on the plant after it received an advanced payment of US$170 million for the US$1.6 billion deal it secured in 2014. The plant is planned for operation in 2022.

Planet satellite photos show physical construction began in late 2018.

Financing

In April 2018 the Japan Bank for International Cooperation (JBIC) agreed to provide US$560 million in loan funding for the 1200 MW Nghi Son 2 plant in Vietnam. The Export-Import Bank of Korea is also providing US$560 million, while a coalition of banks from Japan, Singapore, and Malaysia are providing the remaining funds.

Project Details

• Sponsor: Electricity of Vietnam (Nghi Sơn-1); Marubeni Corporation & Korea Electric Power Company (KEPCO) (Nghi Sơn-2)
• Location: Hải Hà commune, Tĩnh Gia district, Thanh Hoa province, Vietnam
• Coordinates: 19.31581, 105.80026 (exact)
• Status: Operating (Nghi Sơn-1); Construction (Nghi Sơn-2)
• Gross Capacity: 1,920 MW (Nghi Sơn-1 Units 1 & 2: 2 x 300 MW; Nghi Sơn-2 Units 1 & 2: 2 x 660 MW)
• Type: Nghi Sơn-1: Subcritical; Nghi Sơn-2: Supercritical
• In service:
  • Nghi Sơn-1 Unit 1: 2013
  • Nghi Sơn-1 Unit 2: 2014
  • Nghi Sơn-2 Unit 1: 2022
  • Nghi Sơn-2 Unit 2: 2022
• Coal Type: Anthracite
• Coal Source: Hon Gai – Cam Pha coal mine, Quang Ninh province, Vietnam
• Source of financing:
  • Nghi Son-1 and 2: Japan Bank for International Cooperation
  • Nghi Son-2: Export-Import Bank of Korea (Kexim), Japan Bank for International Cooperation (JBIC), DBS Bank (Singapore), Mizuho (Japan), MUFG (Japan), SMBC (Japan), Shinsei Bank (Japan), OCBC (Singapore), Maybank (Malaysia)

Articles and resources

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