Cong Thanh power station
| Part of the Global Oil and Gas Plant Tracker, a Global Energy Monitor project. |
| Related categories: |
| Part of the Global Coal Plant Tracker, a Global Energy Monitor project. |
| Related coal trackers: |
Cong Thanh power station is a power station in Nghi Son Economic Zone, Tinh Gia, Thanh Hoa, Vietnam with multiple units of varying statuses none of which are currently operating.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Cong Thanh power station | Nghi Son Economic Zone, Tinh Gia, Thanh Hoa, Vietnam | 19.358, 105.779 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 1, Unit 1, Unit 2: 19.358, 105.779
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | CHP | Start year | Retired year |
|---|---|---|---|---|---|---|---|
| Unit 1 | cancelled | coal - bituminous | 330 | unknown | – | – | – |
| Unit 1 | announced[1][2][3][4] | liquefied natural gas[1][2] | 600[1][2] | not found[1][2] | not found | 2024[5] | – |
| Unit 2 | cancelled | coal - bituminous | 330 | unknown | – | – | – |
CHP is an abbreviation for Combined Heat and Power. It is a technology that produces electricity and thermal energy at high efficiencies. Coal units track this information in the Captive Use section when known.
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 1 | Cong Thanh Thermal Power JSC [100.0%] | – |
| Unit 1 | Cong Thanh Group[6] | Cong Thanh Group [100.0%] |
| Unit 2 | Cong Thanh Thermal Power JSC [100.0%] | – |
Background
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.[7] In July 2012, General Electric announced that it would be supplying one of the new plant's turbines.[8]
As of May 2015, construction on the plant was apparently still not underway, being held up for unspecified reasons.[9]
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.[10]
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.[11]
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).[12]
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.[13] According to this review the plant would be completed by 2022, which contradicts the MOIT's completion date of 2024.[12][13]
In January 2020, it was reported that Chinese State-owned enterprises China Energy Construction Central South Institute and Guangdong Thermal Power had signed an engineering, procurement, and construction (EPC) contract for the Cong Thanh power station, with a contract value of US$747 million.[14]Alternative names for these parties are Trung Nam Design Institute (CSEPCDI) and Guangdong Power Electricity Group, according to another source.[15]
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.[16]
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.[17]
According to an article from November 2022, the "People's Committee of Thanh Hoa" (Google translate) was advocating for the project to be converted to natural gas rather than coal. The request also asked that the capacity be increased to 1,500 MW.[18]
PDP VIII December 2022 confirms the conversion from coal to gas.[19]
In August 2023, capital was reportedly arranged for Cong Thanh power station to progress using combined-cycle gas turbine technology.[20]
Financing
Reporting on the power station refers to a total cost of VND 13,200 billion (approximately US$600 million). 80% of funding was expected to 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.[13][21] However, the project has not 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 would be extremely difficult for any of these projects to secure funding in the future.[22]
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.[23]
In August 2023, capital was reportedly arranged for Cong Thanh power station to progress using combined-cycle gas turbine technology.[20]
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.[24][25][26] The project was presumed shelved, but must be monitored for potential new developments.
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.[27]
Articles and Resources
References
- ↑ 1.0 1.1 1.2 1.3 https://web.archive.org/web/20221020103449/https://theinvestor.vn/yes-no-trade-ministry-turns-around-says-nix-coal-fired-power-d2153.html. Archived from the original on 20 October 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 2.3 "Vietnam Power Development Plan VIII, December 2022". Archived from the original on 45188. Retrieved 44896.
{{cite web}}: Check date values in:|access-date=and|archive-date=(help) - ↑ "Vietnam Power Development Plan VIII, May 2023". Archived from the original on 45138. Retrieved 45047.
{{cite web}}: Check date values in:|access-date=and|archive-date=(help) - ↑ https://web.archive.org/web/20231009214257/https://vir.com.vn/lng-conversion-strategy-ramps-up-to-ensure-power-sources-for-vietnam-104981.html. Archived from the original on 09 October 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20240120034827/https://www.power-technology.com/marketdata/power-plant-profile-cong-thanh-thermal-power-project-vietnam/. Archived from the original on 20 January 2024.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20201124011224/https://vietnamfinance.vn/du-an-nhiet-dien-cong-thanh-hon-thap-ky-cham-tien-do-thanh-hoa-muon-xet-lai-tinh-kha-thi-20180504224228769.htm. Archived from the original on 24 November 2020.
{{cite web}}: Missing or empty|title=(help) - ↑ Construction of Thermal Power Plant Begins in Thanh Hoa, Vietnam News Agency, May 3, 2011.
- ↑ The United States and Vietnam – Promoting Economic Ties, U.S. Consulate General Press Release, July 10, 2012.
- ↑ Overcoming the delay situation of implementing the BOT and IPP Power Projects, Vietnam Energy, 21 Apr. 2015.
- ↑ 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)
- ↑ Nghi Son refinery and petrochemical complex project commences commercial operation, Euro-petrole, Dec. 10, 2018
- ↑ 12.0 12.1 Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
- ↑ 13.0 13.1 13.2 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
- ↑ Chinese enterprises sign contract with Vietnam Gongqing coal-fired power plant EPC project, Xinhua Silk Road, Jan. 20, 2020
- ↑ "Updating the investment progress of independent power projects in Vietnam". vietnamenergy.vn. August 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ Xây dựng các kịch bản trước nguy cơ thiếu điện, VietNewsCorp, June 17, 2021
- ↑ Draft National Power Development Plan VIII, MOIT, July 4, 2022
- ↑ Thiếu tiền, dự án nhiệt điện do tư nhân đầu tư dàn hàng... chậm tiến độ, Vietnam Net, November 25, 2022
- ↑ Vietnam Power Development Plan VIII, December 2022 draft
- ↑ 20.0 20.1 LNG conversion strategy ramps up to ensure power sources for Vietnam, Vietnam Investment Review, September 7, 2023
- ↑ Start of Cong Thanh Thermal Power Plant, Yen Dinh District website (archived on March 1, 2014)
- ↑ Trung Chanh, 18 dự án nhiệt điện than trong quy hoạch khó tiếp cận vốn, The Saigon Times, Oct. 3, 2021
- ↑ Investors remain determined to develop thermal power plants, Vietnam Investment Review, September 29, 2022
- ↑ Viewpoint: Cautious outlook for Vietnam’s coal imports, Argus Media, December 20, 2022
- ↑ 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
- ↑ Unpacked: Vietnam’s US$15.5 Billion JETP Agreement, Vietnam Briefing, December 19, 2022
- ↑ 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
Additional data
To access additional data, including interactive maps of the power stations, downloadable datases, and summary data, please visit the Global Coal Plant Tracker and the Global Oil and Gas Plant Tracker on the Global Energy Monitor website.
