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Vinacomin plans two major coal power plants
Vietnam’s top coal producer, Vinacomin, said it planned to build two major coal-fired power plants with a combined capacity of 2,600 megawatts (MW) and an investment of more than US$3 billion.
The first plant, Hai Phong 3, will have a capacity of 600 MW and use coal from Vinacomin’s mines in the northern coal hub province of Quang Ninh, Vinacomin Deputy General Director Nguyen Chien Thang said in a government report Thursday.
The Hanoi-based group will also build another plant with a capacity of 2,000 MW in the southcentral province of Binh Thuan to supply power to Vinacomin’s bauxite processing complex there, Thang said.
He did not disclose the value of the investment but energy experts said the two plants could cost more than $3 billion to build, as it would cost $1.2 million to build each megawatt of coal-fired power generation capacity.
The unlisted coal group has invested in eight coal-fired and hydro power plant projects with a combined capacity of 1,600 megawatt.
Coal consumption in Vietnam, mainly by power plants, steel and cement producers, is forecast to jump 20 percent to 24 million tons next year from 20 million tons in 2008, the government said this week.
Hanoi has planned to slash coal exports, mainly to China and Japan, by 9 percent next year to 20 million tons due to growing demand at home.
Thanhnien
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