Vung Ang power station

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{{#badges:CoalSwarm|Navbar-Vietnamcoal}}Vũng Áng power station is a 4,920-megawatt (MW) coal plant complex under development in Hà Tĩnh province, Vietnam. 1,200 MW are operating as of May 2015.


The map below shows the location where the plant is being built, in Kỳ Lợi commune, Kỳ Anh district, Hà Tĩnh province.

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Vũng Áng-1

In December 2006, PetroVietnam started initial work on the two-unit, 1,200-MW Vũng Áng-1, with the Vietnamese Lilama Corporation being contracted to build the plant.[1] Construction began in August 2009.[2][3] The first unit was completed in December 2014,[4] and the second unit was completed in May 2015.[5]

Unit 1 subsequently had problems with its turbine. A new rotor was installed in 2016.[6]

Vũng Áng-2

In 2007, the Vung Ang II Thermal Power Joint Stock Company (VAPCO) was established to build and operate the power plant, a joint venture between OneEnergy Ltd and the Hanoi based Refrigeration Electrical Engineering Co. (REE). OneEnergy Lts is a 50:50 venture between the Hong Kong based CLP and the Tokyo based Mitsubishi Corp. The plant was reported to be 2 x 600 MW, with an estimated capital cost of US$1.2 billion.[1] The Vietnamese government approved the plant in March 2009.[7] Although one source reported the plant to be 2 x 660 MW in capacity,[8] other sources, including the most recent and detailed, have listed the capacity as 2 x 600 MW.[9]

The plant's owners expected to begin construction in March 2015; however, this didn't happen.[10]

The plant's build-own-transfer (BOT) agreement was finalized in January 2017. Unit 1 was scheduled to be brought online in 2021, and Unit 2 in 2022.[11][12]

In September 2017, Mitsubishi Vice President Yoshinori Katayama met with Deputy Prime Minister Trịnh Đình Dũng to discuss the project. The meeting did not produce any news about when construction might begin.[13]

In June 2018 it was reported Hong Kong's One Energy would be sole owner of the plant, pending approval from the Vietnam government.[14]

In July 2018, the Ministry of Planning and Investment decided not to issue an investment certificate to the plant, citing the need for the sponsors to address issues around the EIA, land allocation, and funding.[15]

In March 2019 OneEnergy announced that the plant would use ultra-supercritical rather than supercritical technology.[16]

In June 2019 the completion date for Unit 1 was delayed to 2023 and the completion date for Unit 2 was delayed to 2024 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7).[17]

In September 2019 it was reported that talks with potential lenders for the project had been restarted, including DBS Bank, Mizuho Bank (financial adviser), MUFG, OCBC, SMBC, Standard Chartered Bank and Sumitomo Trust.[18]

Vũng Áng-3

In October 2014, Samsung Construction & Trading Corporation, a subsidiary of the Samsung Group, signed a memorandum of understanding with the Vietnamese government to build the two-unit, 1,200-MW, $2.5 billion Vũng Áng-3 (it is unclear why this plant would be so much more expensive than the other two). Construction is scheduled to begin in early 2018, and the two units are scheduled to be brought online in January and July of 2022. Samsung would finance the project using internal funds.[19][20]

In 2016, Units 3 and 4, each 600 MW in capacity, were reported as planned for 2029-2030.[21] As of June 2017, there has been no news on this project for several years.

In October 2017, Samsung's Chairman and CEO Shin Jong-kyun met with Prime Minister Nguyễn Xuân Phúc to discuss the country's investments in Vietnam. Samsung is the largest foreign investor in Vietnam, with 136,700 workers investments that include aviation, ship building, and telecommunications.[22]

In July 2018 the government announced that Vũng Áng-3 may be cancelled due to local opposition.[23] In June 2019 the completion date for Vũng Áng-3 Units 1-2 was listed as "after 2030" in a report by the the Ministry Of Industry And Trade (MOIT) on the implementation of the revised seventh Power Development Plan (PDP7).[24] Units 3-4 do not appear in the MOIT report and appear to be cancelled.


In February 2017, local residents blocked the road leading to Vũng Áng-1, saying that coal trucks moving along the road were causing pollution. The local government said it would write to Vinacomin, calling for suspension of coal trucks.[25] The following month, PetroVietnam issued a press release telling us how great its pollution and waste management procedures are.[26]

Project Details

  • Sponsor: PetroVietnam (Vũng Áng-1); OneEnergy (Vũng Áng-2); Samsung Construction & Trading Corporation (Vũng Áng-3)
  • Parent company: PetroVietnam (Vũng Áng-1); CLP Group 50%, Diamond Generating Asia (DGA) 50% (Vũng Áng-2); Samsung Group (Vũng Áng-3)
  • Location: Kỳ Lợi commune, Kỳ Anh district, Hà Tĩnh province, Vietnam
  • Coordinates: 18.09792, 106.38123 (exact)
  • Status: Vũng Áng-1: Operating; Vũng Áng-2: Permitted; Vũng Áng-3: Units 1-2: Shelved; Units 3-4: Cancelled
  • Gross Capacity: 4,920 MW (1,200 MW Vũng Áng-1, 1,200 MW Vũng Áng-2, 2,400 MW Vũng Áng-3)
  • Type: Subcritical (Vung Ang-1), Ultra-supercritical (Vung Ang-2); Unknown (Vung Ang-3)
  • Projected in service: 2014 (Vũng Áng-1 Unit 1); 2015 (Vũng Áng-1 Unit 2); 2023-2024 (Vũng Áng-2); after 2030 (Vũng Áng-3 Units 1-2)[27]; 2029-2030 (Vũng Áng-3 Units 3-4)[21]
  • Coal Type: Anthracite
  • Coal Source:
  • Source of financing: Japan Bank for International Cooperation, Sumitomo Mitsui, China Development Bank, Bank of Tokyo-Mitsubishi, Credit Suisse, Intesa Sanpaolo, HSBC (Vũng Áng-1)[28][29]; Mitsubishi UFJ Financial Group, DBS Bank, Mizuho Bank, SMBC, Standard Chartered Bank, Sumitomo Trust[30]

Articles and resources


  1. 1.0 1.1 Vietnam, OneEnergy to Build $1.2 bln Power Plant, Reuters, Aug. 31, 2007.
  2. Construction of Vung Ang 1 Thermo-electric Power Plant Kicks Off, Vietnam Investment Gateway, Aug. 28, 2009.
  3. Vung Ang 1 Thermo Power Plant Successfully Joins National Grid, Vinacomin website, Jan. 6, 2014.
  4. Second turbine of Vung Ang 1 thermal power plant reaches design capacity, Nhan Dan, 6 Feb. 2015.
  5. Unit No. 2 of Vung Ang 1 Thermal Power Plant has been officially put into commercial operation, Vietnam Energy, 14 May 2015.
  6. Rotor tổ máy số 1 Nhà máy nhiệt điện Vũng Áng 1 đã về tới Việt Nam, B-News, 12 July 2016.
  7. Vietnam Govt OKs US$1.2-Bln Vung Ang Power Plant under BOT Form, Vietnam Business Forum, Mar. 6, 2009.
  8. Construction of Vung Ang II Thermal Power Plant Scheduled for 2014, Voice of Vietnam, Oct. 28, 2013.
  9. "Vũng Áng II plant BOT project agreement inked," Viêt Nam News, 18 January 2017
  10. Vung Ang thermal plant BOT deal talks heat up, Vietnam Investment Review, 7 Oct. 2014.
  11. "Mitsubishi-led group awarded contract for $2.2bn thermal plant in central Vietnam," Tuoitre News, 01/17/2017
  12. Ký hợp đồng BOT Nhiệt điện Vũng Áng 2 với đối tác Nhật Bản, Dan Tri, 16 Jan. 2017.
  13. "Thúc đẩy nhanh dự án nhiệt điện Vũng Áng 2," Báo Mới, 18 September 2017
  14. "OneEnergy proposed as sole investor of Vung Ang 2 thermal power plant," Intellasia, 08-Jun-2018
  15. "Bộ KH-ĐT không đồng ý cấp giấy chứng nhận đầu tư BOT Nhiệt điện Vũng Áng II," NLD, July 5, 2018
  16. Vietnam – Vung Ang 2 CFPP to go ultrasupercritical, Project Finance International, Mar. 29, 2019
  17. Implementation of Power Projects iIn the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
  18. AP: Vietnam – Banks restart talks on Vapco 2, Project Finance International, Sep. 2, 2019
  19. Samsung reaches deal to develop $2.5bln thermal power plant in central Vietnam, Tuoi Tre News, 15 Oct. 2014.
  20. Samsung C&T in thermal power project deal, Saigon Times, 16 Oct. 2014.
  21. 21.0 21.1 "Vietnam National Power Development Plan til 2020," ANT, November 10, 2016
  22. "Samsung sẽ 'lấn sân' đầu tư viễn thông tại Việt Nam?" Diễn đàn Doanh nghiệp, 7 October 2017
  23. A series of power projects have been stopped, Vietnambiz, Jul. 12, 2018
  24. Implementation of Power Projects iIn the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
  25. Hà Tĩnh: Yêu cầu TKV tạm dừng vận chuyển than cho Nhà máy nhiệt điện Vũng Áng 1, Cafe F, 23 Feb. 2017.
  26. Nhà máy Nhiệt điện Vũng Áng 1: Triển khai hiệu quả các công trình bảo vệ môi trường, PetroTimes, 11 Mar. 2017.
  27. 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)
  28. Vietnam Receives $95 Million Loan to Build Vung Ang Power Plant, OilPrice, Aug. 14, 2011.
  29. $904 million Funded for Vung Ang No.1 Thermal Power Plant, Vietnam Investment Review, Apr. 23, 2011.
  30. "Vung Ang 2 (1200 MW)," Market Forces, updated April 15, 2017

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