Duyen Hai 2 Thermal Power Plant

Active

Prospective

The project entails the financing, construction, operation and maintenance of a coal-fired power plant in Duyen Hai town, Tra Vinh Province. The Duyen Hai 2 thermal power plant will have two turbines with a total capacity of 1,200 MW. The facility is one of the four power plants to be developed at the Duyen Hai Power Centre in Tra Vinh, which will have a combined capacity of over 4,300 megawatts once in operation. Janakuasa Vietnam is the project company that is leading the project on behalf of the sponsor - Malaysian company Teknik Janakuasa Sdn Bhd, part of Malakoff Bhd. Project is being implemented on a Build - Operate and Transfer basis. The generated electricity will be supplied to the national grid under a long - term (25 years) PPA with Electricity of Vietnam (EVN). Concession awarder is Ministry of Planning & Investment. Equipment supplier is Alstom. Total project investment is estimated at around $2.4 billion and is funded through debt and equity in 75:25 ratio. Financing comprises $1.8 billion term loan arranged by the Ex-Im Bank of China. The remaining cost is covered by equity contribution in the amount of $600 million. Contractual financial close took place on 2 June 2017, and definitive financial close in the following months. http://news.xinhuanet.com/english/2015-09/29/c_134672387.htm http://en.nhandan.com.vn/business/item/4512402-work-starts-on-duyen-hai-2-thermal-power-plant.html http://english.vov.vn/economy/work-begins-on-duyen-hai-2-thermal-power-plant-327208.vov WB Library

Energy

Vietnam

World Bank Group

Project

Commercial, Geothermal, Wind, Education, Power Generation (CCGT), Government