Sekong power station (EPIC)

From Global Energy Monitor

Sekong power station is a proposed 1,000-megawatt (MW) coal-fired power station in Sekong (Xekong) Province, Laos.

Location

The photo below shows Sekong (Xekong) province, the approximate location where the plant would be built.

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Background

In June 2020, Evolution Power Investment Corporation (EPIC) of Singapore signed an agreement with Lao firm Khounmixay Bridge and Road Construction and Repair Company (KMX) of the Khounmixay Corporation to conduct a feasibility study for a coal plant in southern Laos’ Sekong province. The plant was described as 1,000 MW, and will export power to Thailand, Cambodia, and Vietnam.[1]

The project, when completed, will cover up to 100 hectares of forested land. Coal will be sourced from Sekong’s Dac Chung district, which has an estimated 700 million metric tons of lignite coal, according to the Laos Ministry of Energy and Mines. The power station is planned for commissioning in 2027.[2]

The offtaker for the plant's power will be Vietnam's largest power company, Vietnam Electricity (EVN). The sponsors are targeting a tariff rate at between $0.075-$0.085/kWh over a 25-year period.[3]

Financing

In September 2020, IJGlobal reported that export credit agencies, including those of Japan, South Korea, and Thailand, were being considered by the project sponsors to provide financial support and security for other potential financiers. The total cost of the project was thought to be US$1.7-2 billion.[3]

Ownership

According to IJGlobal, the shareholders of the project include:[3]

  • EPIC – 33%
  • Khounmixay Corporation – 33%
  • Vietnam-based New Atlantic International Trading – 33%
  • The Lao government will also nominate a local entity to become an equity holder in the project. The selected entity could be an affiliate of the state-owned electric company Électricité du Laos, or state corporation Lao Holding State Enterprise.

Project Details

  • Sponsor: Sekong Clean Thermal Power Plant
  • Parent company: Evolution Power Investment Corporation (EPIC), Khounmixay Corporation, New Atlantic International Trading
  • Location: Sekong (Xekong) province, Laos
  • Coordinates: 15.7166, 106.65 (approximate)
  • Status: Announced
  • Capacity: 1,000 MW
  • Type: Ultra-supercritical[3]
  • Start date: 2027
  • Coal Type: Lignite
  • Coal Source: Domestic (Sekong’s Dac Chung district)
  • Source of financing:

Resources and articles

References

Related GEM.wiki articles

External resources

External articles