An Khanh - Bac Giang power station

From Global Energy Monitor
Part of the
Global Coal Plant Tracker,
a Global Energy Monitor project.
Download full dataset
Report an error
Related coal trackers:

An Khanh - Bac Giang power station is a power station in the pre-permit stage in near Bac Lung village, Vũ Xá, Luc Nam, Bac Giang, Vietnam. It is also known as Lục Nam power station.


Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
An Khanh - Bac Giang power station near Bac Lung village, Vũ Xá, Luc Nam, Bac Giang, Vietnam 21.23238, 106.35375 (exact)

The map below shows the exact location of the power station.

Loading map...

Unit-level coordinates (WGS 84):

  • Unit 1, Unit 2: 21.23238, 106.35375

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year Retired year
Unit 1 pre-permit coal - anthracite 325 circulating fluidized bed 2023
Unit 2 pre-permit coal - anthracite 325 circulating fluidized bed 2023

Table 3: Unit-level ownership and operator details

Unit name Owner
Unit 1 An Khanh - Bac Giang Thermoelectric JSC [100.0%]
Unit 2 An Khanh - Bac Giang Thermoelectric JSC [100.0%]

Project-level coal details

  • Coal source(s): Quang Ninh


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.[1][2][3]

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.[4][5] In October 2016, the Prime Minister approved the increase of the project from 100 MW to 650 MW.[6][7]

In January 2017, the provincial government approved An Khanh Group's investment plans. The project would cost about $1 billion.[5]

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).[8] 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.[9] 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.[10]

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.[11]

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.[12]

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.[13]

In November 2022, the project was listed as delayed, and the developers had pivoted to securing domestic loans. Financing for the power station was expected to be dispersed sometime in early 2023.[14]

In January 2023, Thang Long Industrial Construction Trading Joint Stock Company won a VND 85,163 billion (US $3.63 million) bid for the construction of a 220 kV transmission line connecting An Khanh - Bac Giang power station to the national grid.[15]

In March 2023, the project was described as "facing difficulties" (Google translate) at a Bắc Giang province assembly.[16]

In May 2023, Vietnam officially approved the updated power development plan (PDP8). Under this plan, the country will domestically generate 20% of its electricity needs with coal by 2030 and fully phase out coal-fired power stations by 2050. The plan involved increasing energy generation using coal to a peak of 30 GW and replacing all other outstanding coal projects with LNG or renewables. PDP8 listed that An Khanh - Bac Giang was under construction and would be completed.[17] However, Planet imagery suggested that the project was not yet progressing with significant construction work.

In September 2023, development of the related 220 kV transmission line was slow and faced "many difficulties and obstacles" (Google translate).[18]

In December 2023, the power station project was described as "behind schedule".[19]


In September 2017, China Development Bank (CDB) and Industrial and Commercial Bank of China (ICBC) signed an $860 million cooperation and framework agreement with An Khánh-Bắc Giang Thermal Power Joint Stock Company. The borrowing terms of this loan and the financial breakdown between CDB and ICBC are unknown. The total cost of this Independent Power Project (IPP) is $1.027 billion and it is being financed with a mix of debt from Chinese banks and equity from An Khanh Group. In February 2020, the power plant was reportedly having trouble securing financing from European banks (because it does not use supercritical or better technology) and Chinese banks would not disburse funds as the project's PPA had not been approved by the Vietnam Ministry of Industry And Trade or Vietnam Electricity (EVN). In February 2020, The power plant's sponsors asked that the Government of Vietnam approve a PPA in which the plant would operate at 90% of its capacity for ten years. ICBC and CDB have reportedly made approval of the PPA a condition for loan disbursement.[20][21]

In November 2022, it was reported that due to the changes in the policy of Chinese government, project developers had pivoted to securing domestic loans and financing for the power station was expected to be disbursed sometime in early 2023.[14]

In June 2023, it was clarified that the investor is following procedures on borrowing capital to make payments for the EPC contract from the domestic MB Bank (the lead bank) and other banks under the syndicated loan, with the first disbursement planned in the first quarter of 2023.[22] As of August 2023, it was not known whether this transaction has closed and whether the first disbursement took place.

Just Energy Transition Partnership

In December 2022, Vietnam and a coalition of countries led by the European Union and the UK concluded a Just Energy Transition Partnership agreement with US$15.5 billion to fund the development and implementation of a plan to cap and then phase out unabated coal generation. The agreement proposed reducing Vietnam’s coal fleet capacity from 37 GW to 30.2 GW by 2030 and a path to “phasing out unabated coal-fired power generation after those dates.” As of January 2023, the Global Coal Plant Tracker estimated Vietnam had 24.7 GW in coal capacity, with a further 6.1 GW under construction. The deal noted a detailed plan would be finalized by November 2023 to guide the long-term transition plan.[23][24][25]

The project was not presumed shelved given its status as "under construction or in preparation" in various 2022 presentations.

Articles and Resources


  1. 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.
  2. 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.
  3. Bac Giang Industrial Zone website, accessed Jan. 2014.
  4. Bắt đầu thực hiện đầu tư DA Nhiệt điện An Khánh - Bắc Giang, Nang Luong Viet Nam, 4 Jan. 2017.
  5. 5.0 5.1 Nhiệt điện An Khánh - Bắc Giang: “Đòn bẩy” cho kinh tế địa phương, Nang Luong Viet Nam, 6 Feb. 2017.
  6. Private communication, GreenID, October 2016.
  7. 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)
  8. Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
  9. Bắc Giang tháo gỡ khó khăn, đẩy nhanh tiến độ các dự án trọng điểm,, Sep. 25, 2019
  10. Nhiệt điện An Khánh – Bắc Giang đề xuất điều kiện hợp đồng mua điện để vay được vốn, Bao Dau Tu, Feb. 20, 2020
  11. 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
  12. Trung Chanh, 18 dự án nhiệt điện than trong quy hoạch khó tiếp cận vốn, The Saigon Times, Oct. 3, 2021
  13. “Draft National Power Development Plan VIII,” MOIT, July 4, 2022
  14. 14.0 14.1 “Thiếu tiền, dự án nhiệt điện do tư nhân đầu tư dàn hàng... chậm tiến độ,” Vietnamnet, November 25, 2022
  15. “Vượt 7 đối thủ, Thương mại xây lắp công nghiệp Thăng Long trúng gói thầu ngành điện hơn 85 tỷ đồng,” Đấu Thầu, January 2, 2023
  17. Approving the national electricity development plan for the period of 2021-2030, with a vision to 2050, Prime Minister of Vietnam, May 16, 2023
  18. Hoạt động nổi bật của lãnh đạo tỉnh Bắc Giang trong tuần (từ ngày 10/9 - 16/9/2023), Trung tâm Phục vụ hành chính công tỉnh Bắc Giang, September 17, 2023
  19. 2023 - Một năm đầy sóng gió trong công tác vận hành thủy điện ở Việt Nam, Năng lượng Việt Nam, December 14, 2023
  20. "CDB and ICBC pledge $860 million loan for 650MW An Khanh-Bac Giang Coal-Fired Power Plant Construction Project". unknown. {{cite web}}: Check date values in: |date= (help)CS1 maint: url-status (link)
  21. Nhiệt điện An Khánh - Bắc Giang: Góp sức 'đánh thức' những tiềm năng, Nang Luong, May 22, 2019
  22. "Several large power projects are behind schedule, the north in state of suspense". June 2023.{{cite web}}: CS1 maint: url-status (link)
  23. Viewpoint: Cautious outlook for Vietnam’s coal imports, Argus Media, December 20, 2022
  24. Political declaration on establishing the Just Energy Transition Partnership with Viet Nam, Governments of the Socialist Republic of Viet Nam, & International Partners Group, December 14, 2022
  25. Unpacked: Vietnam’s US$15.5 Billion JETP Agreement, Vietnam Briefing, December 19, 2022

Additional data

To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.