An Khanh - Bac Giang power station

From Global Energy Monitor

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.

Location

The map below shows the location of the plant's site, in Bắc Lũng commune, Lục Nam district, Bắc Giang province.[1] Satellite photograph from Planet does not show construction beginning between November 2019 and May 2020.

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Background

An Khánh - Bắc Giang power station, formerly known as Lục Nam power station, was formerly a two-unit, 100-MW coal-fired power plant project.[2][3][4]

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.[5][6] In October 2016, the Prime Minister approved the increase of the project from 100 MW to 650 MW.[7][8]

In January 2017, the provincial government approved An Khanh Group's investment plans. The project would cost about $1 billion.[6]

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).[9] 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.[10] 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.[11]

Project Details

  • Sponsor: An Khanh - Bac Giang Thermoelectric Joint Stock Company
  • Parent company: An Khanh Group
  • 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: 2023, Unit 2: 2023
  • Coal Type: Anthracite
  • Coal Source: Quang Ninh
  • Source of financing: China Development Bank (CDB), Industrial and Commercial Bank of China (ICBC)[12]

Articles and resources

References

  1. DỰ Án NMNĐ Lục Nam, Wikimapia, accessed Mar. 2015.
  2. 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.
  3. 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.
  4. Bac Giang Industrial Zone website, accessed Jan. 2014.
  5. Bắt đầu thực hiện đầu tư DA Nhiệt điện An Khánh - Bắc Giang, Nang Luong Viet Nam, 4 Jan. 2017.
  6. 6.0 6.1 Nhiệt điện An Khánh - Bắc Giang: “Đòn bẩy” cho kinh tế địa phương, Nang Luong Viet Nam, 6 Feb. 2017.
  7. Private communication, GreenID, October 2016.
  8. 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)
  9. Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
  10. Bắc Giang tháo gỡ khó khăn, đẩy nhanh tiến độ các dự án trọng điểm, dantocmiennui.vn, Sep. 25, 2019
  11. Nhiệt điện An Khánh – Bắc Giang đề xuất điều kiện hợp đồng mua điện để vay được vốn, Bao Dau Tu, Feb. 20, 2020
  12. Nhiệt điện An Khánh - Bắc Giang: Góp sức 'đánh thức' những tiềm năng, Nang Luong, May 22, 2019

Related SourceWatch articles

External resources