An Khanh - Bac Giang power station
|This article is part of the CoalSwarm coverage of Vietnam and coal|
An Khánh - Bắc Giang power station, formerly known as Lục Nam power station, is a 2 x 325 megawatt (MW) coal plant under development in Bắc Giang province, Vietnam.
The map below shows the location of the plant's site, in Bắc Lũng commune, Lục Nam district, Bắc Giang province. Satellite photograph from Planet does not show construction beginning between January 2022 and July 2022.
In February 2016, An Khanh Group announced the formation of An Khanh - Bac Giang Thermoelectric Joint Stock Company, the entity that would build and own the plant. The provincial government gave An Khanh the go-ahead to survey the location. In October 2016, the Prime Minister approved the increase of the project from 100 MW to 650 MW.
In January 2017, the provincial government approved An Khanh Group's investment plans. The project would cost about $1 billion.
In June 2019 the completion date for Unit 1 was delayed to 2023 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7). In September 2019 it was reported that 3,729 billion dong in financing had been secured against a total estimated cost of 22,546 billion dong for the project. In February 2020 it was reported that the plant is having trouble securing financing from European banks because it does not use supercritical or better technology, and trouble in securing financing from Chinese banks because its power purchasing agreement (PPA) had not been approved by the MOIT or EVN. The plant's sponsors asked in February 2020 that the government approve a PPA in which the plant operated at 90% of its capacity for ten years.
In June 2021, the Chinese company Shenzhen Energy announced that its wholly-owned subsidiary Shenneng (Hong Kong) International Co., Ltd., intended to form a consortium with China Energy Construction Group International Engineering Co., Ltd. and China Power Engineering Consulting Group North China Electric Power Design Institute Co., Ltd., to acquire the An Khánh - Bắc Giang Thermoelectric Joint Stock Company. The Chinese consortium intends to invest in completion of the An Khánh - Bắc Giang power station and locate funders willing to supply loans for the project.
An October 2021 report by GreenID lists the An Khánh - Bắc Giang power station as one of 18 coal-fired power stations in Vietnam that was struggling to secure financing. Given that China, Japan, and South Korea have all committed to stop financing new coal-fired power stations, it will be extremely difficult for any of these projects to secure funding in the future.
On July 4, 2022, the Ministry of Industry and Trade appeared to provide an update on the draft PDP. The document’s list of major power projects planned for 2021-2030 (PDF pages 18-20) includes the project. The project's feasibility study had been approved and some construction had begun. The project was still seeking local capital and was slated for commercial operation after 2025.
- Sponsor: An Khanh - Bac Giang Thermoelectric Joint Stock Company
- Parent company: Shenzhen Energy; China Energy Construction Group International Engineering Co., Ltd.; China Power Engineering Consulting Group North China Electric Power Design Institute Co., Ltd.
- Location: Bắc Lũng commune, Lục Nam district, Bắc Giang province, Vietnam
- Coordinates: 21.23238, 106.35375 (exact)
- Status: Pre-permit development
- Gross Capacity: 650 MW (2 x 325 MW)
- Type: Circulating fluidized bed
- Projected in service: Unit 1: 2025, Unit 2: 2025
- Coal Type: Anthracite
- Coal Source: Quang Ninh
- Source of financing: China Development Bank (CDB), Industrial and Commercial Bank of China (ICBC) (proposed)
Articles and resources
- DỰ Án NMNĐ Lục Nam, Wikimapia, accessed Mar. 2015.
- Dự án đầu tư xây dựng nhà máy nhiệt điện Lục Nam 50MW xã Vu Xá huyện Lục Nam Bắc Giang, regulatory document, July 2013.
- Nam, Pham Khanh, et al. Investment Incentives for Renewable Energy in Southeast Asia: Case study of Viet Nam, International Institute for Sustainable Development, Dec. 2012, p. 8.
- Bac Giang Industrial Zone website, accessed Jan. 2014.
- Bắt đầu thực hiện đầu tư DA Nhiệt điện An Khánh - Bắc Giang, Nang Luong Viet Nam, 4 Jan. 2017.
- Nhiệt điện An Khánh - Bắc Giang: “Đòn bẩy” cho kinh tế địa phương, Nang Luong Viet Nam, 6 Feb. 2017.
- Private communication, GreenID, October 2016.
- 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)
- Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
- Bắc Giang tháo gỡ khó khăn, đẩy nhanh tiến độ các dự án trọng điểm, dantocmiennui.vn, Sep. 25, 2019
- Nhiệt điện An Khánh – Bắc Giang đề xuất điều kiện hợp đồng mua điện để vay được vốn, Bao Dau Tu, Feb. 20, 2020
- 深圳能源：拟投建越南安庆北江65万千瓦燃煤电厂项目, 北极星电力网, June 16, 2021
- Trung Chanh, 18 dự án nhiệt điện than trong quy hoạch khó tiếp cận vốn, The Saigon Times, Oct. 3, 2021
- “Draft National Power Development Plan VIII,” MOIT, July 4, 2022
- Nhiệt điện An Khánh - Bắc Giang: Góp sức 'đánh thức' những tiềm năng, Nang Luong, May 22, 2019