Vietnam: EVN to replace PetroVietnam and Inter RAO to develop thermal power plants

Vietnam: EVN to replace PetroVietnam and Inter RAO to develop thermal power
plants

State-run Electricity of Vietnam (EVN) has been chosen to take over the
thermal power plants Quang Trach I and II, both of which are located in
Quang Trach Power Centre in Quang Binh, according to information published
on the Government Portal.

Notably, EVN will replace Vietnamese oil and gas group PetroVietnam to
develop the long-delayed thermal power plant Quang Trach I.

Previously, the Quang Binh People's Committee proposed the Ministry of
Industry and Trade, the Ministry of Finance, and the Ministry of Planning
and Investment to license EVN to take over the project. EVN basically agreed
to the province's proposal.

The project's construction was kicked off in July 2011, with the total
investment capital of $1.7 billion. The plant has a designed capacity of
1,200 megawatts to be produced by two turbines, which were expected to come
into operation in June and December 2015, and contribute to the national
grid an annual 8.5 billion kWh.

However, more than five years after the ground-breaking ceremony, the
construction has been immobile save for a finished office building.

Regarding Quang Trach II, EVN will replace Russian Inter RAO Group to carry
out a pre-feasibility study to develop this project.

In January 2015, Inter RAO and the Quang Binh People's Committee signed a
memorandum of understand (MoU), greenlighting the development.

Accordingly, the project, which will be developed under the
build-operate-transfer (BOT) scheme, will have a total investment capital of
$2.4 billion and a total capacity of 2,400MW. It is slated to become
operational in 2024 at the latest.

However, as of now, the Russian firm has yet to complete the pre-feasibility
study.

Inter RAO is headquartered in Moscow and operates in the fields of electric
power and heat generation, electricity retailing, international power
trading, power industry engineering, export of power industry equipment, and
management of distribution grids outside Russia.

The company's total installed capacity of generation facilities is about
35GW. In 2013, the company's plants produced over 146 billion KWh of
electric power.

Inter RAO is also a leading energy export and import operator in Russia,
supplying electricity to Azerbaijan, Belarus, China, Finland, Georgia,
Kazakhstan, Lithuania, Mongolia, Ukraine, and South Ossetia.

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Ref:
http://www.vir.com.vn/evn-to-replace-petrovietnam-and-inter-rao-to-develop-t
hermal-power-plants.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com