Quang Trach Power Center
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Quang Trach Power Center is a power station in Quang Dong, Quang Trach, Quang Binh, 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) |
|---|---|---|
| Quang Trach Power Center | Quang Dong, Quang Trach, Quang Binh, Vietnam | 17.9504, 106.50425 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 1-1, Unit 1-2, Unit 2, Unit 2-1, Unit 2-2: 17.9504, 106.50425
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | CHP | Start year | Retired year |
|---|---|---|---|---|---|---|---|
| Unit 1-1 | construction | coal - bituminous | 701 | supercritical | – | 2025 | – |
| Unit 1-2 | construction | coal - bituminous | 702 | supercritical | – | 2025 | – |
| Unit 2 | announced[1][2][3][4] | liquefied natural gas[1][2][3] | 1500[1][2][5][3] | not found | not found | 2030[1][2][5][3] | – |
| Unit 2-1 | cancelled | coal - bituminous | 600 | supercritical | – | – | – |
| Unit 2-2 | cancelled | coal - bituminous | 600 | supercritical | – | – | – |
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 1-1 | Vietnam Electricity LLC (EVN) [100.0%] | – |
| Unit 1-2 | Vietnam Electricity LLC (EVN) [100.0%] | – |
| Unit 2 | Vietnam Electricity (EVN)[6] | Vietnam Power Group [100.0%] |
| Unit 2-1 | Vietnam Electricity LLC (EVN) [100.0%] | – |
| Unit 2-2 | Vietnam Electricity LLC (EVN) [100.0%] | – |
Background
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.[7][8]
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.[9][10]
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.[11] As of April 2015, Petrovietnam had only acquired 60% of the land needed for the project, holding up further development.[12]
In October 2016 state-run Electricity of Vietnam (EVN) took over the project, due to delays by PetroVietnam.[13] 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.[14]
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.[15]
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.[16]
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.[17] Agribank did not commit to finance the project, while Vietinbank and BIDV did commit but later withdrew from financing it.[17] Vietcombank is thus the sole provider of the VND 27.1 trillion (ca USD 1.1.bn) of loans required for the project. The loan amount was so large relative to the total capital owned by EVN that it violated Vietnam's Law on Credit Institutions. The loan was was only able to proceed after the Vietnamese prime minister intervened in May 2021 to increase EVN's credit limit.[18]
In February 2019 the plant's estimated completion date was given as 2023.[19] 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).[20]
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.[21] In June 2021, a consortium consisting of Mitsubishi Corporation (Japan), Hyundai Engineering and Construction (Hyundai E&C - Korea), and Construction Corporation No. 1 (CC1 - Vietnam) was awarded the engineering, procurement, and construction contract for building the Quang Trach-1 power station, valued at VND 30.2 billion.[22]
Construction of the plant began in December 2021, with an expected completion date of 2025.[23] Planet imagery comparing January 2022 and October 2022 showed minimal forward progress on construction. IJGlobal reported in December 2021 that total project cost is VND 41.13 trillion with a debt to equity ratio of 70 / 30, with Vietcombank providing VND 28.79 trillion.[24]
In May 2023, PDP8 listed Quang Trach I among the projects under construction, with an updated capacity of 1,403 MW.[25]
As of August 2023, the construction project was facing difficulties with site clearance and household relocation. "Many" households in the third phase of relocation had reportedly not yet been compensated. Graves were also being relocated. Unit 1 was still expected to be commissioned in June 2025, and Unit 2 was slated for commissioning in December 2025.[26]
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.[27][28]
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.[29][11] In April 2015, Korean firm POSCO Group announced that it wanted to join the project as a co-investor.[30]
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.[14] According to the revised Power Development Plan VII (2016), the project is scheduled for 2028 and 2029.[31]
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.[32] Chinese banks were reportedly ready to provide US$1.6 billion out of US$2.1 billion needed if the project is handed over to the JV.[33] The consortium of Chinese banks that would provide debt financing includes China Development Bank, Bank of China, China Construction Bank, and Industrial and Commercial Bank of China.[34]
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).[35]
In June 2021, the Ministry of Industry and Trade stated that the Quảng Trạch-2 project would probably be delayed until after 2030 due to difficulties in mobilizing capital.[36] An October 2021 report by GreenID lists the Quang Trach-2 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 will be extremely difficult for any of these projects to secure funding in the future.[37]
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.[38] 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.[39]
The project was listed as a 1,500 MW LNG plant in PDP VIII July 2022 and December 2022 versions.[38]
In May 2023, Vietnam officially approved the updated power development plan (PDP8). Under this plan, the country will domestically generate 20% of its electricity needs with coal by 2030 and fully phase out coal-fired power stations by 2050. The plan involved increasing energy generation using coal to a peak of 30 GW and replacing all other outstanding coal projects with LNG or renewables. PDP8 listed Quang Trach II among the projects that would not move forward using coal.[25]
Financing
- Quang Trach-1: VND 28.79 trillion Vietcombank (signed December 2021)[24]
- Quang Trach-2: China Development Bank, Bank of China, China Construction Bank, and Industrial and Commercial Bank of China (proposed)[34]
Articles and Resources
References
- ↑ 1.0 1.1 1.2 1.3 "Vietnam Power Development Plan VIII, July 2022". Archived from the original on 44953. Retrieved 44743.
{{cite web}}: Check date values in:|access-date=and|archive-date=(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) - ↑ 3.0 3.1 3.2 3.3 "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/20230718124214/https://theinvestor.vn/4-bln-lng-to-power-mekong-delta-project-targets-2029-completion-d5792.html. Archived from the original on 18 July 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ 5.0 5.1 https://web.archive.org/web/20230427090303/https://theinvestor.vn/only-4-lng-to-power-projects-added-to-new-vietnam-power-plan-d2160.html. Archived from the original on 27 April 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ https://vir.com.vn/evn-to-resume-quang-trach-i-in-late-2017-46006.html.
{{cite web}}: Missing or empty|title=(help) - ↑ "Projects that have been and are being Invested" Petrovietnam Power Corporation.
- ↑ "3tr dong for constructing Quang Trach Power Centre", Uni-Bros, Sept. 14, 2010.
- ↑ Summary Sheet: Quang Trach 1 Power Plant Project, PetroVietnam, Sept. 2011.
- ↑ Petrovietnam Units Sign $1.2 Billion Coal Power Plant Deals, Reuters, July 8, 2011.
- ↑ 11.0 11.1 Quang Binh, Russian company to build thermal power plant, Vietnam+, 30 Jan. 2015.
- ↑ Dự án Trung tâm Nhiệt điện Quảng Trạch 1 chỉ mới hoàn thành 60% khối lượng, Cong Thuong, 16 Apr. 2015.
- ↑ "EVN to take over PetroVietnam’s $1.7bn power plant project in Vietnam," EBR, 20 October 2016
- ↑ 14.0 14.1 "EVN to resume Quang Trach I in late 2017," VIR, Nov 22, 2016
- ↑ Dự án Nhà máy Nhiệt điện Quảng Trạch 1: Quyết tâm tạo mặt bằng “sạch”, EVN press release, 17 Apr. 2017.
- ↑ Deliver an additional 80 hectares of land to start Quang Trach Power Center, Baomoi, Nov. 25, 2018
- ↑ 17.0 17.1 Ba ngân hàng hứa rồi rút, nhà máy điện 42 nghìn tỷ thiếu vốn, Vietnam.net, Aug. 8, 2019
- ↑ Vietcombank được cấp tín dụng vượt khung cho EVN thực hiện Nhà máy Nhiệt điện Quảng Trạch 1, Báo điện tử Xây dựng, May 31, 2021
- ↑ 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
- ↑ Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
- ↑ Cập nhật tiến độ đầu tư 10 dự án ‘nguồn điện trọng điểm’ Việt Nam, Nang Luong Vietnam, Oct. 7, 2020
- ↑ Lệ Chi, Lộ diện 3 ‘ông lớn’ hợp lực trúng gói thầu hơn 30.200 tỷ đồng làm dự án nhiệt điện Quảng Trạch I, Vietnam Finance, June 14, 2021
- ↑ EVN triển khai thi công Nhà máy Nhiệt điện Quảng Trạch I, Cong Thuong, Dec. 13, 2021
- ↑ 24.0 24.1 "EVN starts construction on coal-fired". https://www.ijglobal.com/. December 2021.
{{cite web}}: External link in|website= - ↑ 25.0 25.1 Approving the national electricity development plan for the period of 2021-2030, with a vision to 2050, Prime Minister of Vietnam, May 16, 2023
- ↑ Siêu dự án hơn 41.100 tỷ tại Quảng Bình gặp khó khăn trong giải phóng mặt bằng, VnEconomy, August 16, 2023
- ↑ Samsung Eyes Vietnam's Power Sector, Investvine, Sept. 7, 2013.
- ↑ Numerous Vietnam-Russia Projects in the Offing, Saigon Times, Aug. 27, 2013.
- ↑ Russia’s Inter RAO to develop $2.4bn thermal power plant in central Vietnam, Tuoi Tre News, 4 Feb. 2014.
- ↑ Tập đoàn POSCO (Hàn Quốc) sẽ đầu tư Nhà máy nhiệt điện Quảng Trạch 2, EVN press release, 2 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)
- ↑ "Trung Quốc đổ vốn vào nhiệt điện than Việt Nam," Thanh Nien, June 22, 2018
- ↑ "Trung Quốc đổ vốn vào nhiệt điện than Việt Nam," Thanh Nien, June 22, 2018
- ↑ 34.0 34.1 Geleximco muốn xây nhà máy nhiệt điện tỷ USD với đối tác Trung Quốc, VNExpress, Mar. 26, 2018
- ↑ Implementation of Power Projects in the Revised Power Development Plan 7, Ministry of Industry and Trade, Republic of Vietnam, Jun. 4, 2019
- ↑ Đức Dũng, Đến năm 2025, Việt Nam có thể rơi vào tình trạng thiếu điện, BAN BIÊN TẬP TIN KINH TẾ, Thông tấn xã Việt Nam, June 17, 2021
- ↑ Trung Chanh, 18 dự án nhiệt điện than trong quy hoạch khó tiếp cận vốn, The Saigon Times, Oct. 3, 2021
- ↑ 38.0 38.1 “Draft National Power Development Plan VIII,” MOIT, July 4, 2022
- ↑ “Thiệt hại ra sao nếu không làm 2.430MW điện mặt trời ngoài quy hoạch Điện 8,” Laodong, July 18, 2022
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.
