Nghi Son power station

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Nghi Sơn power station is a 1,800-megawatt (MW) coal plant project under development in Thanh Hoa province, Vietnam.


The map below shows the plant's site, in the Nghi Sơn Economic Zone, in Hải Hà commune, Tĩnh Gia district, Thanh Hoa province.[1]

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The Nghi Sơn Economic Zone was created in 2005, and its future plans called for a power plant project totaling 1,800 MW.[2]

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.[3] The plant's first 300-MW unit went online in June 2013; the second unit came online in June 2014.[4][5]

Nghi Sơn-2

In March 2013, the Vietnamese Ministry of Industry and Trade awarded a build-operate-transfer (BOT) contract for the 1,200-MW Nghi Sơn-2 coal-fired power plant to a consortium consisting of Marubeni Corporation and Korea Electric Power Company (KEPCO).[6] 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.[7]

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.[8] As of April 2015, construction was expected to begin in August.[9]

Ground was broken on the project in September 2015.[10] 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.[11]

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. The Export-Import Bank of Korea (Eximbank) will finance 75 percent of the project this year. Once completed, KEPCO will operate it for 25 years before transferring it to the Vietnamese.[12]

Project Details

  • Sponsor: Electricity of Vietnam (Nghi Sơn-1); Marubeni Corporation & Korea Electric Power Company (KEPCO) (Nghi Sơn-2)
  • Parent company:
  • Location: Hải Hà commune, Tĩnh Gia district, Thanh Hoa province, Vietnam
  • Coordinates: 19.31581, 105.80026 (exact)
  • Status: Operating (Nghi Sơn-1); Permitted (Nghi Sơn-2)
  • Gross Capacity: 1,800 MW (Nghi Sơn-1 Units 1 & 2: 2 x 300 MW; Nghi Sơn-2 Units 1 & 2: 2 x 600 MW)
  • Type: Subcritical
  • In service:
    • Nghi Sơn-1 Unit 1: 2013
    • Nghi Sơn-1 Unit 2: 2014
    • Nghi Sơn-2 Unit 1: 2021
    • Nghi Sơn-2 Unit 2: 2021
  • Coal Type: Anthracite
  • Coal Source: Hon Gai – Cam Pha coal mine, Quang Ninh province, Vietnam
  • Source of financing:

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