Han Seng power station

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Han Seng power station is a power station under construction in Trapeang Prasath Dist, Oddar Meanchey, Cambodia. It is also known as 奥多棉芷燃煤电站项目.

Location

Table 1: Project-level location details

Plant name	Location	Coordinates (WGS 84)
Han Seng power station	Trapeang Prasath Dist, Oddar Meanchey, Cambodia	14.23008, 104.26931 (exact)

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

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Unit-level coordinates (WGS 84):

• Unit 1, Unit 2: 14.23008, 104.26931

Project Details

Table 2: Unit-level details

Unit name	Status	Fuel(s)	Capacity (MW)	Technology	Start year	Retired year
Unit 1	construction	coal - unknown	132.5	subcritical	2023	–
Unit 2	construction	coal - unknown	132.5	subcritical	2023	–

Table 3: Unit-level ownership and operator details

Unit name	Owner
Unit 1	Oddormeanchey Power Industrial Co Ltd [100.0%]
Unit 2	Oddormeanchey Power Industrial Co Ltd [100.0%]

Project-level coal details

• Coal source(s): Han Seng Coal Mine

Background

In March 2017, China-based Guodian Kangneng signed a US$330 million contract with Cambodian mineral exploration company Han Seng Coal Mine Ltd. for a 270 MW coal plant, with Guodian Kangneng’s role to include handling the feasibility study, equipment procurement, installation, and commissioning.

In November 2017, Guodian Kangneng registered a wholly-owned Cambodian subsidiary called Guodian Kangneng Technology (Cambodia) Co., Ltd. The stated purpose for registering this company was a joint venture to develop a 270 MW coal power plant in Oddar Meanchey. That same month, the finance information source Rhino Star (犀牛之星) questioned how a Chinese company with only 100 million RMB of net assets could have landed a project worth 2.2 billion RMB.

In 2019, it was reported that Han Seng Coal Mine was proposing a 2 x 100 MW coal plant in Oddar Meanchey Province, with unit 1 planned for operation in November 2020 and unit 2 in November 2021.

In March 2020, the National Assembly of Cambodia approved a draft provision of a state guarantee for the power project. The plant would be the first in the country to use coal from Cambodia. The plant was planned to generate 130 MW in 2021 and increase to 265 MW in 2022.

In May 2020, it was reported the plant was 50% complete, despite the fact that the plant is still seeking approvals.

In June 2020, it was reported that Guodian Kangneng, Electricite Du Cambodge, and Han Seng Coal Mine Co. had recently signed a Build-Own-Operate (BOO) contract for the project under the umbrella name Oddormeanchey Power Industrial Co., Ltd.

In October 2020, the Council for the Development of Cambodia approved an investment certificate for the plant.

In November 2020, it was reported the plant was 60% complete.

In May 2021, the construction of the project was mostly progressing according to plan, with infrastructure construction mainly pending the installation of the machinery. The company was planning to test the machinery by the end of 2021 before beginning operations early in 2022. The pandemic may have been the cause of some delay, as deputy provincial governor Di Rado explained: "Obviously things could have been faster, but Covid-19 has made it impossible to transport machinery for installation, even though the buildings' infrastructure at the factory site and the network are almost 100 per cent done.”

In August 2021, an official from the Ministry of Energy told the media the project was behind schedule and would not be completed by 2022 as the COVID-19 pandemic had interfered with the importation of construction materials as well as delayed inspections by foreign consultants.

In November 2021, the government seemed committed to completing the power station.

As of June 2022, the project still appeared to be under construction. The country committed to end the funding of coal schemes a few months earlier, with the exception of three proposed projects (including the Han Seng station). Energy experts noted that those three in-development projects were delaying major sustainable energy investment opportunities.

In January 2023, there were no apparent updates on the power station. However, a November 2022 article described the project as "continuing".

In March 2023, a Chinese news article announced that the power plant was nearly complete and was expected to be in operation in June or July of the same year.

In July 2023, it was reported that a power plant in Oddar Meanchey, which "could be" the Han Seng plant, had completed construction and that the plant was "ready for operations."

In October 2023, however, a news article suggested that construction on the Han Seng plant had been paused. The power station was described as "semi-built", and there was speculation that the project was pushed back to 2025.

Ownership

According to The People's Map (December 2021), Cambodian Han Seng Coal Mines Company Limited was named in initial media reports as the developer of the project. In early 2020, Han Seng formed a joint venture with two Chinese companies for the development of the project called Oddormeanchey Power Industrial Company Limited (奥多棉芷电力产业有限公司). A third Chinese company later joined and the shareholding structure was:

• Han Seng Coal Mines Company Limited (40%);
• Guodian Kangneng Technology Stock Company Limited (38%);
• Beijing Willard Technology Company Limited (12%);
• China CAMC Engineering Company Limited (10%).

Financing

• Source of financing: 2020/2021 - US$92.5 million in equity from the 4 shareholders, Han Seng Coal Mine; US$277.5 million in debt from unknown bank (banks)

In February 2020, it was announced that the total investment capital for the project would be $294.30 million, "of which 30 per cent is from the company’s fund and the remaining 70 per cent is a bank loan with an interest rate of 6.5 per cent," but the source of the loan was not provided. The exact details of the loan are not available.

According to The People's Map, an announcement by the lead developer in June 2021 said the plant would cost US$369.9 million with 25% equity contribution and 75% loan. The report goes on to say that it is unclear where financing for the project is coming from. According to a Guodian Kangneng announcement in June 2021, the funding for the project comprises 25% company equity (with contributions from the four joint-venture parties corresponding to the size of their stake in the project) and 75% bank loan. The announcement does not specify which bank is providing the loan, and it is uncertain if the project has reached financial close. It is assumed that the project has reached financial close as the construction has progressed.

An additional US$277.5 million in debt from an unknown bank or multiple banks also contributes to the project's financing.

The People's Map

Oudom Ham, an environmental and human rights consultant, published a detailed entry about the power station on The People's Map.

Articles and Resources

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.