Quang Trach Power Center

From Global Energy Monitor

Quảng Trạch Power Center is a 2,400-megawatt (MW) coal plant complex under development in Quảng Bình province, Vietnam.


The map below shows the location of the project site, in Quảng Đông commune, Quảng Trạch district, Quảng Bình province.

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The Quảng Trạch Power Center is a 2,400 megawatt power station, comprising two 1,200 megawatt projects, that is under development in Quảng Bình province.[1][2]

Quảng Trạch-1

Groundbreaking took place on the $1.7 billion, two-unit, 1,200-MW Quảng Trạch-1 project in July 2011. The project is being developed by Vietnam's state oil and gas group PetroVietnam. Unit 1 was originally scheduled to enter into commission by June 2015, and Unit 2 by Dec. 2015.[3][4]

The project has been delayed due to the recession. As of early 2015, PetroVietnam and the provincial government were working to bring the plant online by 2020.[5] As of April 2015, Petrovietnam had only acquired 60% of the land needed for the project, holding up further development.[6]

In October 2016 state-run Electricity of Vietnam (EVN) took over the project, due to delays by PetroVietnam.[7] EVN will resume construction of Quang Trach I thermal power plant at the end of 2017, with the first turbine coming into test operation in 2021 and the second unit in 2022.[8]

As of April 2017, EVN was having problems with local villagers "encroaching" on the project site, some of whom are cultivating part of the land.[9]

In November 2018 EVN completed land acquisition for the project with the purchase of an additional 80ha, bringing the total site to 540ha, including 330.5ha of land area and 210ha of sea area. EVN began upgrading a road leading to the site but had not begun construction of the plant itself.[10]

In late 2018 the EVN Board of Directors passed a resolution to seek financing from Vietcombank, Vietinbank, Bank for Investment and Development of Vietnam (BIDV), and Agribank, which were expected to provide VND 27.1 trillion for the project, leaving it 42 VND trillion of the project's total cost.[11] Agribank did not commit to finance the project, while Vietinbank and BIDV did commit but later withdrew from financing it.[11]

In February 2019 the plant's estimated completion date was given as 2023.[12] In June 2019 the completion date for Unit 1 was listed as 2022 and the completion date for Unit 2 was listed as 2023 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7).[13] In October 2020 EVN tendered construction contracts for the plant and announced plans to begin construction in December 2020, with an expected commissioning date of 2024.[14]

Quảng Trạch-2

While the two-unit, 1,200-MW Quảng Trạch-2 was originally scheduled to begin construction a year after Quảng Trạch-1, the second-phase plant struggled to find investors. In September 2013, Samsung reported that it was considering taking on the project; in August 2013, Russia's Inter RAO Group reported that it was also interested in the project.[15][16]

In February 2015, Russian company Inter RAO signed a memorandum of understanding with the Quang Binh provincial government to build Quảng Trạch-2 under a build-own-transfer (BOT) scheme, at a cost of $2.4 billion. Inter RAO said it would submit a formal proposal to the provincial government by the end of March. The plant would be brought online in 2024-25.[17][5] In April 2015, Korean firm POSCO Group announced that it wanted to join the project as a co-investor.[18]

In 2016 state-run Electricity of Vietnam (EVN) said it will replace Russian Inter RAO Group to carry out a pre-feasibility study on Quảng Trạch-2.[8] According to the revised Power Development Plan VII (2016), the project is scheduled for 2028 and 2029.[19]

In June 2018 it was reported that a JV of Hong Kong's United Investors Holding (HUI) and Vietnam's Geleximco were interested in investing in the project, along with Quynh Lap power station-1 in Nghệ An province, Vietnam.[20] In June 2019 the completion date for Quảng Trạch-2 was listed as 2026 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7).[21]

Project Details

  • Sponsor: Electricity of Vietnam (EVN) (taken over in 2016 from PetroVietnam Group for Quảng Trạch-1 and Inter RAO and POSCO Group for Quảng Trạch-2)
  • Parent company:
  • Location: Quảng Đông commune, Quảng Trạch district, Quảng Bình province, Vietnam
  • Coordinates: 17.9504, 106.50425 (exact)
  • Status: Permitted (Quảng Trạch-1); Announced (Quảng Trạch-2)[19]
  • Gross Capacity: 2,400 MW (Quảng Trạch-1 and -2 Units 1 & 2: 600 MW)
  • Type: Supercritical
  • Projected in service: Quảng Trạch-1: Unit 1: 2024; Unit 2: 2024; Quảng Trạch-2: 2026
  • Coal Type: Bituminous
  • Coal Source:
  • Source of financing:

Articles and resources


  1. "Projects that have been and are being Invested" Petrovietnam Power Corporation.
  2. "3tr dong for constructing Quang Trach Power Centre", Uni-Bros, Sept. 14, 2010.
  3. Summary Sheet: Quang Trach 1 Power Plant Project, PetroVietnam, Sept. 2011.
  4. Petrovietnam Units Sign $1.2 Billion Coal Power Plant Deals, Reuters, July 8, 2011.
  5. 5.0 5.1 Quang Binh, Russian company to build thermal power plant, Vietnam+, 30 Jan. 2015.
  6. Dự án Trung tâm Nhiệt điện Quảng Trạch 1 chỉ mới hoàn thành 60% khối lượng, Cong Thuong, 16 Apr. 2015.
  7. "EVN to take over PetroVietnam’s $1.7bn power plant project in Vietnam," EBR, 20 October 2016
  8. 8.0 8.1 "EVN to resume Quang Trach I in late 2017," VIR, Nov 22, 2016
  9. Dự án Nhà máy Nhiệt điện Quảng Trạch 1: Quyết tâm tạo mặt bằng “sạch”, EVN press release, 17 Apr. 2017.
  10. Deliver an additional 80 hectares of land to start Quang Trach Power Center, Baomoi, Nov. 25, 2018
  11. 11.0 11.1 Ba ngân hàng hứa rồi rút, nhà máy điện 42 nghìn tỷ thiếu vốn, Vietnam.net, Aug. 8, 2019
  12. Dự án nhà máy nhiệt điện Quảng Trạch I, II: Cú hích cho sự phát triển KT-XH tỉnh Quảng Bình, Tin Quang Binh, Feb. 26, 2019
  13. Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
  14. Cập nhật tiến độ đầu tư 10 dự án ‘nguồn điện trọng điểm’ Việt Nam, Nang Luong Vietnam, Oct. 7, 2020
  15. Samsung Eyes Vietnam's Power Sector, Investvine, Sept. 7, 2013.
  16. Numerous Vietnam-Russia Projects in the Offing, Saigon Times, Aug. 27, 2013.
  17. Russia’s Inter RAO to develop $2.4bn thermal power plant in central Vietnam, Tuoi Tre News, 4 Feb. 2014.
  18. Tập đoàn POSCO (Hàn Quốc) sẽ đầu tư Nhà máy nhiệt điện Quảng Trạch 2, EVN press release, 2 Apr. 2015.
  19. 19.0 19.1 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)
  20. "Trung Quốc đổ vốn vào nhiệt điện than Việt Nam," Thanh Nien, June 22, 2018
  21. Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019

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