Hai Phong Thermal Power Station

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Hải Phòng Thermal Power Station is a 1,200-megawatt (MW) coal-fired power plant in Hải Phòng province, Vietnam.

Location

The undated satellite photo below shows the two units of Hai Phong-1 to the north and the two units of Hai Phone-2 to the south, in Tam Hưng commune, Thủy Nguyên district, Hải Phòng province.

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Background

Hải Phòng-1

In 2002, Electricity of Vietnam set up Hai Phong Thermal Power Joint Stock Company (of which it is the majority owner) to construct the Hải Phòng plant.

In July 2005, Japan's Marubeni Corporation and China's Dongfang Electric Corporation were awarded the construction contract for Hải Phòng 1, a two-unit, 600-MW coal power plant in Hải Phòng province, near the city of Hải Phòng.

Unit 1 came online in July 2011, and Unit 2 in November 2011.

Hải Phòng-2

In Nov. 2006, Hai Phong Thermal Power JSC signed a contract, again with Marubeni Corporation and Dongfang Electric Corporation, to build a second two-unit, 600-MW coal power plant, Hải Phòng-2, at the same location.

The first 300-MW unit of Hải Phòng 2 started operating in Aug. 2013, and the second in February 2014. The cost of the entire project was $1.2 billion.

Hải Phòng-2 Financing

In March 2007, a financing agreement for the Hải Phòng-2 was closed. Japan Bank for International Cooperation agreed to provide a US$38 million loan. Mizuho Corporate Bank and Société Générale agreed to provide US$21 million in loans. China Exim Bank provided a loan of US$3.4 million.

Hải Phòng-3

Vietnam's 2011-20 National Master Plan for Power Development, approved in July 2011, lists a four-unit, 2,400-MW Hai Phong-3, to be built by Vinacomin. Unit 1 would come online in 2021, Unit 2 in 2022, and Units 3 & 4 in 2025.

In March 2016, after meeting with Vietnam government officials, Thai company Ratchaburi Electricity Generating Holding (RATCH) said that it was interested in joining Vinacomin in the project. In June 2019 the completion date for Unit 1 was delayed to 2028 and the completion date for Unit 2 was delayed to 2029 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7). In February 2020 the National Steering Committee for Electricity Development said that building Hải Phòng-3 as a gas plant should be explored as part of a plan to reduce coal power by 8,760 MW by 2025 and by 6,340 MW by 2030.

According to the Revised Power Development Plan VII (2016), the status of the Hải Phòng-3 project was as follows:

• Hải Phòng-3 Unit 1 - delayed until 2028 (status: "Planned with investor identified," i.e. pre-permit development)
• Hải Phòng-3 Unit 2 - delayed until 2029 (status: "Planned with investor identified," i.e. pre-permit development)
• Hải Phòng-3 Units 3 and 4 - cancelled

In November 2020 it was reported that Hai Phong-3 and other coal plants whose construction had not yet begun would be cancelled under Vietnam's upcoming Power Development Plan VIII. The plant would reportedly be fired by gas instead of coal.

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) did not include the project. On July 15, 2022, the Deputy Prime Minister appeared to request further review of the major power projects that had been included in the revised PDP VII but not in the draft PDP VIII. The project is presumed shelved for now.

Project Details

• Sponsor: Hai Phong Thermal Power Joint Stock Company (Phases I & II); Vietnam Coal-Mineral Industry (Phase III)
• Parent company: Electricity of Vietnam (Phases I & II); Vinacomin (Phase III)
• Location: Tam Hưng commune, Thủy Nguyên district, Hải Phòng province, Vietnam
• Coordinates: Hai Phong-1: 20.9427817, 106.7578707 (exact); Hai Phong-2: 20.9397669, 106.7549156 (exact)
• Status: Phases I & II: Operating; Phase III, Units 1 and 2: Shelved; Phase III, Units 3 and 4: Cancelled
• Gross Capacity: 3,600 MW
  • Phase I, Units 1 & 2: 600 MW (2 x 300 MW)
  • Phase II, Units 3 & 4: 600 MW (2 x 300 MW)
  • Phase III, Units 1-4: 2400 MW (4 x 600 MW)
• Type: Subcritical (Phases I & II)
• Projected in service:
  • Phase I, Unit 1: July 2011
  • Phase I, Unit 2: Nov. 2011
  • Phase II, Unit 3: Aug. 2013
  • Phase II, Unit 4: Feb. 2014
  • Phase III, Unit 1: 2028
  • Phase III, Unit 2: 2029
  • Phase III, Units 3 & 4: cancelled
• Coal Type: Anthracite
• Coal Source: Quang Ninh mine, Vietnam
• Source of financing: Hải Phòng-2: US$38 million in debt from Japan Bank for International Cooperation; US$21 million in debt from Mizuho Corporate Bank and Société Générale; US$3.4 million in debt from China Exim Bank

Articles and resources

Related GEM.wiki articles

• Vietnam and coal

External resources

• "Coal-Fired Plants Financed by International Public Investment Institutions Since 1994", Appendix to Foreclosing the Future: Coal, Climate and International Public Finance: Investment in coal-fired power plants hinders the fight against global warming, Environmental Defense, April 2009.