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

On 14 February 2018, Sumitomo Corporation received the investment certificate to develop the coal-fired power station.

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. Project Finance International (14 February 2018), ‘Sumitomo receives Van Phong IPP certificate’
    2. Mia Tahara-Stubbs, IJGlobal (8 Jun 2017), ‘Vietnam Van Phong coal-fired investment certificate to sign’
    3. Vietnam Investment Review (25 Nov 2013) ‘Sumitomo red tape tangle delays power plant project
    4. Power Engineering International (8 Jan 2013) ‘Contract awarded for 1320 MW coal plant in Vietnam

    Information updated: 17 February 2018

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