Quynh Lap power station

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Quỳnh Lập power station is a proposed 2,400-megawatt (MW) coal plant project in Nghệ An province, Vietnam.

Location

The map below shows the location where the plant would be built, in Quỳnh Lập commune, Quỳnh Lưu district, Nghệ An province.

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Background

In March 2009, Nghệ An provincial authorities approved a plan by Vietnam National Coal-Mineral Industry (Vinacomin) to build a two-stage, four-unit, 2,400-MW coal-fired power plant complex in Quỳnh Lưu district.[1]

The project site is within 10 miles of two other power plant projects: Electricity of Vietnam's Nghi Son power station, and the Cong Thanh Group's Cong Thanh power station.

Quỳnh Lập-1

In December 2010, Vinacomin contracted Korea's Dooson Heavy Industries, a subsidiary of the Doosan Group, to build the $1.5 billion, two-unit, 1,200-MW Quỳnh Lập-1 coal-fired power plant. The plant was originally scheduled to go online in 2016.[1] In March 2012, Vinacomin submitted its plans for Quỳnh Lập-1 to the government for environmental approval.[2] In July 2013, Deputy Prime Minister Hoang Trung Hai chided Nghệ An provincial officials, in part for delays in the construction of Quỳnh Lập-1.[3]

As of February 2014, Vinacomin was negotiating with Marubeni Corporation for a coal-supply agreement for the plant.[4]

In July 2015, Vinacomin signed a memorandum of understanding with the provincial government. Thanks to a technology transfer from Korea's Doosan Corporation, the plant would be the first ever built using Vietnamese design and Vietnam-built turbines. Completion was scheduled for 2020.[5]

In June 2016, Vinacomin held an investor conference for the project, trying to mobilize interest among both domestic and foreign financial institutions.[6]

In June 2018 it was reported that Vietnam’s Ministry of Industry and Trade had asked the central government to allow a joint venture between Hong Kong's United Investors Holding (HUI) and Vietnam's Geleximco to replace Vinacomin as investor of Quynh Lap-1. Vinacomin is reportedly not able to finance the project, while Chinese banks - including the Export-Import Bank of China - are ready to provide USD$1.6 billion out of US$2.1 billion needed if the project is handed over to the JV.[7]

Quỳnh Lập-2

It appears that the second half of the power complex, two-unit, 1,200-MW Quỳnh Lập-2 plant, is having difficulty finding investors. In October 2013, Samsung employees visited Nghệ An province to study investment policies and opportunities to develop Quỳnh Lập-2.[8]

In May 2015, POSCO Group officials visited Nghệ An to study the possibility of building Quỳnh Lập-2, but talks with provincial officials were apparently inconclusive.[9][5]

Provincial government officials signed an agreement with POSCO in February 2016.[10] In May 2017, the Ministry of Industry & Trade authorized POSCO to move ahead with the project.[11] The project will be developed under a 25-year build, operate and transfer (BOT) contract, with groundbreaking to begin in 2022 and operation in 2026. The project is intended support an industrial complex for heavy industries including steel, machinery and cement producers.[12]

Revised Power Development Plan VII

According to PDP7, the first phase is under construction and will be completed in 2022 and 2023, and the second phase is "planned with investor not identified" (Announced) with completion in 2026 and 2027.[13]

Project Details

  • Sponsor: Vietnam National Coal-Mineral Industry (Vinacomin) (Quỳnh Lập-1); POSCO Group (Quỳnh Lập-2)
  • Parent company:
  • Location: Quỳnh Lập commune, Quỳnh Lưu district, Nghệ An province, Vietnam
  • Coordinates: 19.27563, 105.78019 (exact)
  • Status: Quynh Lap-1: Permitted (ground-breaking ceremony in 2015 but no further construction); Quynh Lap-2: Permitted
  • Gross Capacity: 2,400 MW (4 x 600 MW)
  • Type:
  • Projected in service: Quynh Lap-1, Unit 1: 2022; Quynh Lap-1, Unit 2: 2023; Quynh Lap-2, Unit 1: 2026; Quynh Lap-2, Unit 2: 2027[13]
  • Coal Type: Bituminous
  • Coal Source:
  • Source of financing: Quỳnh Lập-2: 25% equity, 75% debt; loans from Export–Import Bank of Korea, other Korean banks[10]

Articles and resources

References

  1. 1.0 1.1 Doosan Locked Into Power Development, Vietnam Breaking News, Dec. 21, 2010.
  2. Vinacomin Hikes Electrical Production, Viêt Nam News, July 19, 2012.
  3. Deputy PM: Administrative Reform in Nghe An Would Lure Investment, Nhân Dân, July 17, 2013.
  4. Vinacomin and Marubeni come to sign a comprehensive cooperation agreement, Vietnam Energy, 20 Feb. 2014.
  5. 5.0 5.1 Vinacomin to build first made-in-VN power plant, Viet Nam News, 15 July 2015.
  6. TKV kêu gọi vốn đầu tư vào nhà máy nhiệt điện tỷ đô Quỳnh Lập 1, VietStock, 17 June 2017.
  7. "Trung Quốc đổ vốn vào nhiệt điện than Việt Nam," Thanh Nien, June 22, 2018
  8. International Giants Interested in Power Projects in Vietnam, Vietnamnet, Oct. 13, 2013.
  9. Power projects become attractive to foreign investors, Vietnam+, 17 June 2015.
  10. 10.0 10.1 Bước tiến mới của dự án nhiệt điện Quỳnh Lập 2, Nang Luong, 24 Feb. 2016.
  11. Nhiệt điện Quỳnh Lập 2 (Nghệ An) sẽ được doanh nghiệp Hàn Quốc đầu tư, Bao Nghe An, 6 May 2017.
  12. Jung Min-hee, "POSCO Energy Wins 1200MW Plant Project in Vietnam," Business Korea, 12 May 2017
  13. 13.0 13.1 DANH MỤC CÁC DỰ ÁN NGUỒN ĐIỆN VÀO VẬN HÀNH GIAI ĐOẠN 2016 - 2030, Ban hành kèm theo Quyết định số 428/QĐ-TTg ngày 18 tháng 3 năm 2016 của Thủ tướng Chính phủ (LIST OF POWER PROJECT IN OPERATION PERIOD 2016 - 2030, Issued together with Decision No. 428 / QD - TTg of March 18, 2016 by the Prime Minister)

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