A thermal power plant in Binh Thuan province. Photo: Internet
Japan’s J-Power is seeking to construct a 4,400 megawatt (MW) coal-fired power plant in the Dung Quat economic zone in the central province of Quang Ngai
amid robust energy demand in the country, local media reported.
At a recent working session with the local government, the Japanese firm asked for permission to carry out the feasibility study for the plant.
The construction will be divided into two phases. In the first one, the plant will have a capacity of 2,400 MW and is slated to come into operation in 2028.
In the second phase, the firm will add a capacity of 2,000 to the plant, with the use of an integrated gasification combined cycle (IGCC).
J-Power plans to use coal imported from Australia, Russia, Indonesia or Vietnam to feed the plant. It pledges to use cutting-edge technology to curb pollution.
With such a size, the investment may amount to billions of USD. Normally, around $2 billion is needed for a power plant with a capacity of 1,200 MW under the BOT format.
Demand for energy in Vietnam is calculate to grow 11% per year. According to a government scheme, demand is projected to reach 235 billion - 245 billion kWh by 2020 and 352 billion – 379 billion kWh by 2030. Thermal power will remain the largest portion among the sources.