Thailand’s EGATi kicks off $2.4 billion coal-fired power project in Vietnam

30-Nov-2019 Intellasia | HanoiTimes | 6:02 AM Print This Post

The power plant is expected to become operational in July 2023, using up to 3.6 million tonnes 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.

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 tonnes per year.

The first generator is scheduled for commercial operation in July 2023 and the second one in January 2024, according to 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, 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 tonnes in the first 10 months of 2019 from 23.78 million tonnes in 2018, statistics by the general Department of Vietnam Customs showed.

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

http://hanoitimes.vn/thailand-egati-kicks-off-us24 billion-coal-fired-power-project-in-vietnam-300320.html

 


Category: Business, Vietnam

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