Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Thailand's EGATi kicks off US$2.4 billion coal-fired power project in Vietnam
Linh Pham 05:53, 2019/11/29
The power plant is expected to become operational in July 2023, using up to 3.6 million tons of coal per year.

Thailand’s EGAT International Co., Ltd (EGATi) last week kicked off construction of a thermal power plant in Vietnam which costs VND55 trillion (US$2.37 billion), local media reported.

Construciton of Quang Tri 1 Thermal Power Plant kicked off. Photo: Baoquangtri

EGATi, a wholly owned subsidiary of the Electricity Generating Authority of Thailand (EGAT), will build the 1,320-megawatt Quang Tri 1 Thermal Power Plant in the form of build-operate-transfer (BOT) for a 25-year period.

Located in the central province of Quang Tri, the plant would use imported coal which is likely to reach a maximum of 3.6 million tons per year.

The first generator is scheduled for commercial operation in July 2023 and the second one in January 2024, according to EGATi.

 Investors of Quang Tri 1 Thermal Power Project. Photo: EGATi

The two-turbine plant will be jointly developed by three investors namely EGATi, Thailand’s Electricity Generating Public Co., Ltd (EGCO), and Japan’s Kyushu Electric Power Co, Inc. (Kyushu) under the Joint Development Agreement (JDA) signed in 2016.

In August 2011, EGATi expressed interest in investing in Quang Tri 1 Thermal Power project which has been included in Vietnam’s Power Development Plan VII (by 2020 and vision to 2030).

Two years later, the government of Vietnam approved EGATi as an investor for the project.

 Vietnam's imported coal in 2014-10/2019. Data: Vietnam Customs. Chart: Linh Pham

Vietnam, one of Asia’s fastest growing economies, has become more reliant on coal for electricity production though it has promoted renewable energy.

The imported volume hit 36.8 million tons in the first 10 months of 2019 from 23.78 million tons in 2018, statistics by the General Department of Vietnam Customs showed.

Vietnam’s coal suppliers include Indonesia, Australia, China, and Russia.

TAG: EGATi Quang Tri 1 Thermal Power coal-fired power Thailand Japan BOT 25-year period commercial operation Australia Indonesia
Other news
22:29, 2023/09/29
Vietnam's GDP growth expands by 4.24% in a 9-month period
The country’s economic growth hit 5.33% year-on-year in the third quarter.
21:23, 2023/09/28
Hanoi encourages semiconductor investment
Hanoi takes a selective approach to attracting investment, prioritizing projects in high-tech, clean-tech, and environmentally friendly sectors.
21:29, 2023/09/26
Hanoi, Shanghai businesses agree to build high-tech complexes
Both Hanoi and Shanghai expect to lure more tech developers to the city.
11:18, 2023/09/21
Vietnam needs policies to promote industrialization: Japanese professor
Japan's contributions have helped Vietnam maintain a stable growth trajectory, driven by the far-reaching effects of FDI.
16:48, 2023/09/20
Vietnam-US semiconductor cooperation significant to bilateral relations
In the long term, US businesses and corporations may explore the feasibility of setting up semiconductor chip manufacturing facilities in Vietnam.
21:52, 2023/09/18
Hanoi seeks to co-operate with Lai Chau on tourism
Hanoi will strengthen the development of cooperative tourism programs with provinces and cities in the South, Central Highlands and Central regions by the end of 2023 to bring visitors to the city.