Han Seng power station

From Global Energy Monitor

Han Seng power station is a proposed 265-megawatt (MW) coal-fired power station in Oddar Meanchey Province, Cambodia.

Location

The map below shows Trapeang Prasath District, the approximate location of the plant.

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Background on Plant

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 the feasibility study, equipment procurement, installation and commissioning.[1]

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 270MW coal power plant in Oddar Meanchey.[2] 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.[3]

In 2019 it was reported that Han Seng Coal Mine was proposing a 2 x 100MW coal plant in Oddar Meanchey Province, with Unit 1 planned for operation in November 2020 and unit 2 in November 2021.[4]

In March 2020, the National Assembly of Cambodia approved a draft provision of a state guarantee for the power project. The plant will be the first in the country to use coal from Cambodia. The plant is planned to generate 130 MW in 2021 and increase to 265 MW in 2022.[5]

In May 2020 it was reported the plant was 50% complete,[6] 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 BOO contract for the project, under the umbrella name Oddormeanchey Power Industrial Co., Ltd.[7]

In October 2020, the Council for the Development of Cambodia approved an investment certificate for the plant.[8]

In November 2020 it was reported the plant was 60% complete.[9]

Financing

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 is not provided.[10]

Project Details

  • Sponsor: Oddormeanchey Power Industrial Co. Ltd.
  • Parent company: Electricite Du Cambodge, Guodian Kangneng, Han Seng Coal Mine Co.
  • Location: Trapeang Prasath District, Oddar Meanchey Province, Cambodia
  • Coordinates: 14.1857983, 104.3192826 (approximate)
  • Status: Construction
  • Capacity: 265 MW (Units 1&2: 132.5 MW)
  • Type: Subcritical
  • Start date: 2021 (Unit 1), 2022 (Unit 2)
  • Coal Type:
  • Coal Source: Han Seng coal mine
  • Source of financing: US$88.29 million in equity from Han Seng Coal Mine; US$206 million in debt from banks[10]
  • Permits and applications:

Articles and resources

References

  1. "國電康能與柬埔寨合作方簽訂3.3億美元合同". 每日頭條. 2017-03-01. Retrieved 2020-11-18.
  2. "国电康能科技股份有限公司完成在柬埔寨设立全资子公司," 企业动态, 2017-11-30
  3. "一中资企业年收入不足1亿,却与柬埔寨签订22亿合同!," 柬埔寨柬单网, 2017-11-03
  4. "Koh Kong’s First Coal-fired Plant Up In The Air: Ministry," B2B, 16/09/2019
  5. "Royal Group gets nod for 700mW coal fired power plant from National Assembly - Khmer Times". Khmer Times. 2020-03-26. Retrieved 2020-04-01.
  6. "Oddar Meanchey's coal-fired power plant 50% complete". Construction & Property News. 2020-05-20. Retrieved 2020-11-17.
  7. "国电康能积极实施“走出去”战略," 财讯网, 2020-06-17
  8. Vichey, Sor (2020-10-23). "CDC Approves 265-megawatt Coal-fired Power Plant Project in Oddar Meanchey Province". AKP. Retrieved 2020-10-28.
  9. "Oddar Meanchey's Coal-fired Power Plant 60% Complete, Online by 2021". Construction & Property News. 2020-11-12. Retrieved 2020-11-17.
  10. 10.0 10.1 "Royal Group to invest $1.5 billion in 700 MWs coal fired power plant". Khmer Times. February 10, 2020.

Related GEM.wiki articles

External resources