Reuters is reporting that, with Vietnam’s Prime Minister Nguyen Xuan Phuc preparing to visit Japan, licences will be awarded on three proposed new coal-fired power stations that would be heavily backed by Japanese funding.
The article does not name the plants, but Market Forces is aware that the three mentioned are Namh Dinh 1, Nghi Son 2 and Van Phong 1. The details of each proposed project are listed below:
|Project name||Size||Technology||Location||Overall project cost||Sponsors||Engineering Procurement and Construction contract(s)||Lenders||Export Credit Agencies||Intended completion date|
|Nam Dinh 1||2 x 600MW||Unknown||Hải Hậu district, Nam Định province||US$2.2bn||ACWA Power (Saudi Arabia) and Taekwang Power (South Korea) (50/50)||Posco Engineering & Construction||Mizuho, DBS, DZ Bank, Korea Development Bank, Mitsubishi UFJ Financial Group and Standard Chartered||Kexim and K-Sure||2020|
|Nghi Son 2||2 x 600MW||Supercritical||Tĩnh Gia district, Thanh Hoa province||US$2.67bn||Korea Electric Power Corporation (KEPCO) and Marubeni Corp (50/50)||Doosan Heavy Industries||DBS Bank, Maybank, MUFG, Mizuho Bank, Shinsei Bank, SMBC, OCBC and Standard Chartered (US$1.2B)||JBIC and Kexim (US$0.8B, likely 50:50)||2018|
|Van Phong 1||2 x 660MW||Supercritical||Ninh Phước commune, Ninh Hòa township, Khánh Hòa province||US$2.6bn||Sumitomo and Bach Dang-Hanoi||Pöyry (Finland)||unknown||JBIC||2019|