Cong Thanh power station

From Global Energy Monitor

Cong Thanh power station is a 600-megawatt (MW) coal plant under development in Thanh Hóa province, Vietnam.


The undated satellite photo below shows the supposed location for the plant in Nghi Son Economic Zone, Tĩnh Gia district, Thanh Hóa province. The massive Nghi Son Refinery & Petrochemical Complex is currently being built at this location. Satellite imagery from January 2016 through May 2019 does not appear to show construction on a coal plant at the refinery.

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In March 2011, land clearing began on the two-unit, 600-MW, $620 million Cong Thanh power station in the Nghi Son Economic Zone, in the northern-central province of Thanh Hoa.[1] In July 2012, General Electric announced that it would be supplying one of the new plant's turbines.[2]

As of May 2015, construction on the plant was apparently still not underway, being held up for unspecified reasons.[3]

Also within the Nghi Son Economic Zone is the nearby Nghi Son power station, which is also currently under development; slightly further south, across the provincial border in Nghệ An province, is the Quynh Lap power station project site.

According to the revised Power Development Plan VII (March 2016), the project will be completed in 2020.[4]

The massive Nghi Son Refinery & Petrochemical Complex is currently being built at the location where the Cong Thanh coal plant would be built. The Nghi Son Refinery & Petrochemical Complex began operating in October 2018.[5]

In June 2019 the completion date was delayed to 2024 in the Ministry Of Industry And Trade's (MOIT's) report on the implementation of the revised seventh Power Development Plan (PDP7).[6]

In September 2019 a review of the proposed plant by the Thanh Hoa Provincial People's Committee found that site clearing and leveling had occurred, a 500 kV transmission line had been built, and that a power purchase agreement had been submitted to the Vietnam Electricity Group for appraisal and approval.[7] According to this review the plant would be completed by 2022, which contradicts the MOIT's completion date of 2024.[6][7]

In January 2020, it was reported that Chinese State-owned enterprises had signed an engineering, procurement, and construction (EPC) contract for the Cong Thanh power station, with a contract value of US$747 million.[8]

In June 2021, the Ministry of Industry and Trade stated that the Cong Thanh power station would likely be delayed until after 2030 due to difficulties in mobilizing capital.[9]

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 feasibility study had been completed and was not slated for commercial operation until after 2030. Investors had been suggesting a pivot to LNG.[10]


Reporting on the power station refers to a total cost of VND 13,200 billion (approximately US$600 million). 80% of funding would come from commercial loans through Commercial Bank of Vietnam and foreign commercial banks, while 20% would come from equity from Cong Thanh Group and Cong Thanh Thermal Power Joint Stock Company.[7][11] However, the project does not seem to have reached financial close.

An October 2021 report by GreenID lists the Cong Thanh 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]

As of September 2022, the project's local investor was facing difficulties with capital. Of coal projects included in PDP VIII, it was the only one not relying on foreign capital.[13]

Illegal ground leveling

In August 2020, the Nghi Son Town People's Committee issued Dispatch No. 2431/PPC-TNMT, which found that soil and stone being cleared from the Cong Thanh site were being illegally used for ground-leveling at the site of a new port in the Nghi Son Economic Zone.[14]

Project Details

  • Sponsor: Cong Thanh Thermal Power Joint Stock Company
  • Parent company: Cong Thanh Group
  • Location: Nghi Son Economic Zone, Tĩnh Gia district, Thanh Hóa province, Vietnam
  • Coordinates: 19.358, 105.779 (exact)
  • Status: Permitted (ground breaking ceremony but no construction)
  • Gross Capacity: 600 MW (Units 1 & 2: 300 MW)
  • Type:
  • Projected in service: 2030
  • Coal Type: Bituminous
  • Coal Source: Hon Gai and Cam Pha mines, Quang Ninh province, Vietnam
  • Source of financing:

Articles and resources


  1. Construction of Thermal Power Plant Begins in Thanh Hoa, Vietnam News Agency, May 3, 2011.
  2. The United States and Vietnam – Promoting Economic Ties, U.S. Consulate General Press Release, July 10, 2012.
  3. Overcoming the delay situation of implementing the BOT and IPP Power Projects, Vietnam Energy, 21 Apr. 2015.
  4. 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)
  5. Nghi Son refinery and petrochemical complex project commences commercial operation, Euro-petrole, Dec. 10, 2018
  6. 6.0 6.1 Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
  7. 7.0 7.1 7.2 Dự án nhiệt điện Công Thanh: Hơn thập kỷ chậm tiến độ, Thanh Hóa muốn xét lại 'tính khả thi', Vietnam Finance, Sep. 12, 2019
  8. Chinese enterprises sign contract with Vietnam Gongqing coal-fired power plant EPC project, Xinhua Silk Road, Jan. 20, 2020
  9. Xây dựng các kịch bản trước nguy cơ thiếu điện, VietNewsCorp, June 17, 2021
  10. “Draft National Power Development Plan VIII,” MOIT, July 4, 2022
  11. Start of Cong Thanh Thermal Power Plant, Yen Dinh District website (archived on March 1, 2014)
  12. Trung Chanh, 18 dự án nhiệt điện than trong quy hoạch khó tiếp cận vốn, The Saigon Times, Oct. 3, 2021
  13. Investors remain determined to develop thermal power plants, Vietnam Investment Review, September 29, 2022
  14. Vụ “Rầm rộ khai thác đất trái phép tại Dự án Nhà máy Nhiệt điện Công Thanh”: Cần xử lý nghiêm sai phạm, Tainguyen & Moi Truong, Aug. 12, 2020

Related articles

External resources

Cong Thanh Group website