Posco Energy to invest in 1,200MW thermal power plant in Vietnam

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Posco Energy to invest in 1,200MW thermal power plant in Vietnam

POSCO Energy Co. has signed a memorandum of understanding (MOU) agreement on with Nghe An provincial government to develop the Quynh Lap II thermal power plant project in Vietnam.

The project involves two 600MW-reactors which will produce a total annual capacity of 1200 MW. The thermal plant is expected to be built in Quynh Lap commune, Dong Hoi Industrial Zone – Hoang Mai town, on an area of 171 ha and 37 ha of water surface. The expected total investment of the project is nearly US$2.5 billion.

The new power plant project will be conducted on a build, operate and transfer (BOT) contract where POSCP sells power produced at the plant to state-run Vietnam Electricity (EVN) for 25 years after construction, and transfer the ownership to the government.

POSCO Energy plans to conduct feasibility test and strike related contracts on the new Quynh Lap Ⅱ coal-fueled power plant. It will also break ground in 2022 and complete construction by 2026.

The company completed construction and started operations of Mong Duong 2 coal-fired thermal power plant in Quang Ninh Province in Vietnam last October. 

List of country news

Country news

  • January 25, 2017

    Korea Western Power signs MOU for US$1.85 B Power Plant in Central Vietnam

    South Korea’s Korea Western Power Co. (KOWEPO) has signed a Memorandum of Understanding (MOU) with the People's Committee in Vietnam's Quang Tri Province on the second-phase development of a 1,200-MW coal-fired power plant in the province.

    Read more
  • December 23, 2016

    Everbright International signs investment agreement on Waste-to-energy project in Vietnam

    China Everbright International Limited has announced that, since the Group successfully won the bid for Can Tho Waste-to-energy Project in Vietnam in July, the Group has been actively communicating and negotiating with the municipal government of Can Tho, and has signed an investment agreement with the Can Tho Construction Department for the Project and obtained a project investment license issued by the municipal government. 

    Read more
  • November 10, 2016

    Mainstream signs agreements for three wind farms (940MW) in Vietnam

    Mainstream Renewable Power will develop, build and operate, together with local and international developers, three wind projects in Vietnam with a combined capacity of approximately 940 MW. Read more
  • November 07, 2016

    JinkoSolar plans 40 MW solar park in Vietnam

    Chinese firm JinkoSolar Holding has plans to build 40 MW photovoltaic (PV) project in Vietnam’s Hau Giang province. Read more
  • September 29, 2016

    Mainstream and GE Energy Financial Services sign agreement to develop, build and operate wind power plants in Vietnam

    Mainstream Renewable Power and GE Energy Financial Services, a GE Capital business unit, have signed a term sheet to develop, build and operate large scale wind power plants in Vietnam. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.