Quang Trach Power Center

{{#Badges:CoalSwarm|Navbar-Vietnamcoal}}Quảng Trạch Power Center is a 2,400-megawatt (MW) coal plant complex under development in Quảng Bình province, Vietnam.

Location

The map below shows the location of the project site, in Quảng Đông commune, Quảng Trạch district, Quảng Bình province.

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Background

The Quảng Trạch Power Center is a 2,400 megawatt power station, comprising two 1,200 megawatt projects, that is under development in Quảng Bình province.

Quảng Trạch-1

Groundbreaking took place on the $1.7 billion, two-unit, 1,200-MW Quảng Trạch-1 project in July 2011. The project is being developed by Vietnam's state oil and gas group PetroVietnam. Unit 1 was originally scheduled to enter into commission by June 2015, and Unit 2 by Dec. 2015.

The project has been delayed due to the recession. As of early 2015, PetroVietnam and the provincial government were working to bring the plant online by 2020. As of April 2015, Petrovietnam had only acquired 60% of the land needed for the project, holding up further development.

In October 2016 state-run Electricity of Vietnam (EVN) took over the project, due to delays by PetroVietnam. EVN will resume construction of Quang Trach I thermal power plant at the end of 2017, with the first turbine coming into test operation in 2021 and the second unit in 2022.

As of April 2017, EVN was having problems with local villagers "encroaching" on the project site, some of whom are cultivating part of the land.

In November 2018 EVN completed land acquisition for the project with the purchase of an additional 80ha, bringing the total site to 540ha, including 330.5ha of land area and 210ha of sea area. EVN began upgrading a road leading to the site but had not begun construction of the plant itself.

In late 2018 the EVN Board of Directors passed a resolution to seek financing from Vietcombank, Vietinbank, Bank for Investment and Development of Vietnam (BIDV), and Agribank, which were expected to provide VND 27.1 trillion for the project, leaving it 42 VND trillion of the project's total cost. Agribank did not commit to finance the project, while Vietinbank and BIDV did commit but later withdrew from financing it.

In February 2019 the plant's estimated completion date was given as 2023. In June 2019 the completion date for Unit 1 was listed as 2022 and the completion date for Unit 2 was listed as 2023 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7).

Quảng Trạch-2

While the two-unit, 1,200-MW Quảng Trạch-2 was originally scheduled to begin construction a year after Quảng Trạch-1, the second-phase plant struggled to find investors. In September 2013, Samsung reported that it was considering taking on the project; in August 2013, Russia's Inter RAO Group reported that it was also interested in the project.

In February 2015, Russian company Inter RAO signed a memorandum of understanding with the Quang Binh provincial government to build Quảng Trạch-2 under a build-own-transfer (BOT) scheme, at a cost of $2.4 billion. Inter RAO said it would submit a formal proposal to the provincial government by the end of March. The plant would be brought online in 2024-25. In April 2015, Korean firm POSCO Group announced that it wanted to join the project as a co-investor.

In 2016 state-run Electricity of Vietnam (EVN) said it will replace Russian Inter RAO Group to carry out a pre-feasibility study on Quảng Trạch-2. According to the revised Power Development Plan VII (2016), the project is scheduled for 2028 and 2029.

In June 2018 it was reported that a JV of Hong Kong's United Investors Holding (HUI) and Vietnam's Geleximco were interested in investing in the project, along with Quynh Lap power station-1 in Nghệ An province, Vietnam. In June 2019 the completion date for Quảng Trạch-2 was listed as 2026 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7).

Project Details

• Sponsor: Electricity of Vietnam (EVN) (taken over in 2016 from PetroVietnam Group for Quảng Trạch-1 and Inter RAO and POSCO Group for Quảng Trạch-2)
• Parent company:
• Location: Quảng Đông commune, Quảng Trạch district, Quảng Bình province, Vietnam
• Coordinates: 17.9504, 106.50425 (exact)
• Status: Permitted (Quảng Trạch-1); Announced (Quảng Trạch-2)
• Gross Capacity: 2,400 MW (Quảng Trạch-1 and -2 Units 1 & 2: 600 MW)
• Type: Supercritical
• Projected in service: Quảng Trạch-1: Unit 1: 2022; Unit 2: 2023; Quảng Trạch-2: 2026
• Coal Type: Bituminous
• Coal Source:
• Source of financing:

Articles and resources

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