Location: Ninh Phước commune, Ninh Hòa township, Khánh Hòa province

In June 2017, IJGlobal stated: “Sumitomo Corporation is set to sign imminently the investment certificate for the 1,200MW Van Phong coal-fired power plant in Khanh Hoa province, in southern Vietnam. The sponsors will formally approach banks to join the syndicate once the investment certificate has been signed.”

Status: Pre-Permit Development

Completion Expected: 2019

Estimated Cost: Between US$2.5 billion and US$3 billion

  • Sumitomo Corporation
  • Financial: SMBC
  • Legal: Allen & Overy and Vietnam International Law Firm
  • Pöyry (Finland)
Export Credit Agencies (ECAs)

  • Japan Bank for International Cooperation (JBIC):
    US$1.5-US$1.8B: reported

Banks: Unclear as yet


    1. Mia Tahara-Stubbs, IJGlobal (8 Jun 2017), ‘Vietnam Van Phong coal-fired investment certificate to sign’
    2. Vietnam Investment Review (25 Nov 2013) ‘Sumitomo red tape tangle delays power plant project
    3. Power Engineering International (8 Jan 2013) ‘Contract awarded for 1320 MW coal plant in Vietnam

    Information updated: June 10, 2017

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