Marubeni and KEPCO a step closer to first-of-its-kind power plant in Vietnam

Marubeni and KEPCO a step closer to first-of-its-kind power plant in Vietnam

The consortium of Japanese company Marubeni Corporation and Korea Electric
Power Corporation (Kepco) today signed the investment agreement for
Nghi Son 2 thermal power plant in the central province of Thanh Hoa.

Nghi Son 2 is the first international tender for a large-scale coal-fired
power plant in Vietnam. The project is going to be carried out under the
build-operate-transfer (BOT) format.

The $2-billion plant will be located in the province's Nghi Son Economic
Zone. It will have a capacity of 1,200MW, produced by two units of 600 MW
each.

At the moment, the consortium is awaiting the investment certificate and is
arranging the finances for the project. Though the ground-breaking ceremony
was held in September 2015, the project has yet to secure a range of
agreements to complete the BOT contract package.

Most recently, in June, the consortium signed the land rental agreement with
the management boards of Nghi Son Economic Zone and the Thanh Hoa Industrial
Zones Management Authority.

According to Moroo Shino, general manager of the Overseas Power Project
Department at Marubeni Corporation, the actual construction is expected to
start next year and will be finished within four years.

"With the signing we are one step closer to implementing the project," said
Bong Sooha, executive vice president and chief global officer of KEPCO, in
his speech at the ceremony.

"The MoIT hopes that the Ministry of Planning and Investment and the Thanh
Hoa People's Committee will facilitate the licensing of the project," said
Deputy Minister of Industry and Trade Ho Thi Kim Thoa.

Addressing concerns about possible pollution, Marubeni's Shino said that the
plant is going to use supercritical technology which "is very advanced
compared to the ones that are causing pollution in China and India."

"The [supercritical] technology is very common. It is the same one we use in
Japan where there are no environmental issues," he said.

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ind-power-plant-vietnam?did=39206820&utm_source=2016_11_08&utm_medium=eNL&ut
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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com