Location: Quảng Đông commune, Quảng Trạch district, Quảng Bình province

Estimated cost:

  • Quang Trach 1: US$1.7 billion
  • Quynh Trach 2: US$2.4 billion (75:25 debt to equity ratio)

Technology Type: Supercritical

Expected financial close: unclear

Status:

  • Quang Trach 1: Under Construction
  • Quang Trach 2: Announced

Expected completion: 2023/2027

Quang Trach 1

Sponsors
  • Electricity of Vietnam Group (Vietnam)
 

Quang Trach 2

Sponsors
  • Geleximco (Vietnam)
  • Hong Kong United Investors Holding, subsidiary of Sunshine Kaidi New Energy Group (China)
  • Vinacomin (Vietnam)
 

References

  1. Bach Dang Construction Corporation, (18 July 2019), ‘Commencement Ceremony of Quang Trach Thermal Power Plant 1‘
  2. Tin Quang Binh, (26 February 2019), ‘Dự án nhà máy nhiệt điện Quảng Trạch I, II: Cú hích cho sự phát triển KT-XH tỉnh Quảng Bình‘
  3. Saigon Giai Phong Online, (16 August 2018), ‘Sẽ không nhấn chìm 2,5 triệu m³ chất thải ra biển Hòn La‘
  4. VOV (3 January 2018), ‘Dự án Nhiệt điện Quảng Trạch: Vì sao người dân vẫn phản đối thi công?‘
  5. Vietnam Investment Review, (27 December 2017), ‘EVN proposes to striking PVC-Lilama off as contractor of Quang Trach thermal power plant‘
  6. Vietnam Energy Online, (22 November 2016), ‘Kick off the Projects in Quang Trach Power Center‘
  7. Cong Thuong (16 April 2015), ‘Dự án Trung tâm Nhiệt điện Quảng Trạch 1 chỉ mới hoàn thành 60% khối lượng‘

Information updated: November 2019

In addition to the references noted above, Market Forces also considers information from financial journals, companies’ public disclosures, and news reports.