Nuclear power plant explosion

/ February 22, 2021

EVN gets nod to build US$2.1 billion thermal power plant in central Vietnam

The Hanoitimes - It is one of the national key projects in the energy sector. Prime Minister Nguyen Xuan Phuc has given green light to the construction of Quang Trach II thermal power plant project in the central province of Quang Binh’s Quang Trach Power Center. The Quang Trach II thermal power plant project is one of the national key ones in the energy sector. Photo: quangbinh.gov.vn The project is one of the national key ones in the energy sector, with an investment capital of US$2.1 billion funded by the state-owned Vietnam Electricity (EVN). The first generator of the project is expected to be put into commercial operation in 2028 and the second in 2029. The Prime Minister said EVN will take full responsibility for the project’s capital mobilization solutions, which must ensure the effectiveness of the state capital. He asked the People's Committee of Quang Binh province to soon issue the investment registration certificate to EVN in accordance with regulations. The local authorities will be in charge of land allocation, changing land use purpose and close coordination with the investor in the project implementation process. Relevant ministries and agencies are urged to inspect and supervise EVN's project implementation in accordance with regulations. The Ministry of Natural Resources and Environment is tasked with overseeing EVN’s environment impact assessment, while provincial authorities will be in charge of coordinating with the investor to promptly solve difficulties. The Quang Trach II thermal power plant is the second one of its kind owned by EVN in the Quang Trach Power Center. The Quang Trach I power plant project, with a capacity of 1,200MW and total investment of VND42 trillion (US$1.86 billion), has been almost completed. As operated, the plant will provide the national grid with a commercial electricity output of about 7.8 billion kWh per year. The two projects play an important role in creating a …

/ November 9, 2019

AES proceeds with US$1.7 billion power plant in Vietnam

The Hanoitimes - The power plant and an LNG import terminal will play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG. Virginia-based AES Corporation (AES) and the Vietnamese Ministry of Industry and Trade (MOIT) on November 8 signed a memorandum of understanding (MOU) on the implementation of a US$1.7 billion LNG-fired power plant in central Vietnam, which is in dire need of energy to accommodate its rapid economic growth. Representatives of AES Corporation and the Vietnamese Ministry of Industry and Trade (MOIT) sign the MOU in Hanoi on November 8. Photo: AES The signing took place in the presence of Prime Minister Nguyen Xuan Phuc and US Commerce Secretary Wilbur Ross, who led a delegation of 17 US companies to Vietnam on November 7-8. Under the MOU, AES will build the Son My 2 combined cycle gas turbine (CCGT) power plant, which will have a total capacity of 2.2 gigawatts (GW) and be located in Binh Thuan province. The plant will have a 20-year contract with the Government of Vietnam. “LNG will be the key for Vietnam’s growing energy demand, by offering a cleaner, more reliable and more affordable energy solution,” said Mark Green, AES Eurasia President. “This MOU is a significant milestone toward the development of the Son My 2 power plant, which we believe will help transform the energy sector in Vietnam.” Speaking at the MOU signing ceremony, David Stone, CEO of AES Vietnam said the MOU specifies the roles and responsibilities of AES and the MOIT, and overall development timeline of the project, enabling AES to move forward with the project. In addition to Son My 2, AES will invest a US$1.4 billion LNG import terminal in Son My, which received approval from the Government of Vietnam in August 2019. Together, the plant and terminal will play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG, as well as meeting …

/ February 23, 2021

Government greenlights $2-bln thermal power plant

To be located in Hon La Economic Zone, the coal-powered plant is expected to cost VND48.15 trillion ($2.09 billion). Its first turbine is expected to go on stream in 2028 and the second in 2029. The government has instructed local authorities to coordinate with the Ministry of Natural Resources and Environment to obtain the project’s environmental impact assessment and monitor construction progress. EVN earlier built the Quang Trach I Power Plant at a cost of over VND41 trillion in Quang Binh Province. The Ministry of Industry and Trade had earlier warned of power shortages of 3.7 billion kWh in 2021 and nearly 10 billion kWh the following year, as construction of new thermal and gas-fired plants fall behind schedule. 2023 will be the most stressful with the shortage expected to be around 15 billion kWh. From then on, it will decrease, with shortages expected to drop to 7 billion kWh and 3.5 billion kWh in 2024 and 2025 respectively. …