Quang Trach 1 thermal power plant, which is invested by EVN, is facing difficulties in land clearance.
|$1.8 billion Quang Trach 1 thermal power faces difficulties in land clearance |
According to the report of the Power Project Management Board No. 2, at present the land clearance in some communes, such as Quang Hop, Quang Chau, Quang Kim, Quang Phu, Quang Dong, and Hon La Economic Zone, have yet to be completed, thus the engineering, procurement, and construction (EPC) contractor has yet to receive the available ground.
The EPC constructor is a consortium of contractors comprising Japan's Mitsubishi Corp, Hyundai Engineering and Construction Company of the Republic of Korea, and Construction Corporation No.1 of Vietnam.
Covering an area of 48.6 hectares in Quang Dong commune, Quang Trach 1 thermal power plant combines two turbines with a total capacity of 1,200MW. The power output is estimated at about 7.8 billion kWh per year.
The plant has a total investment capital of VND41.1 trillion ($1.79 billion), where the investment capital is mobilised from domestic banks without a government guarantee. Once completed, the plant will contribute $52.17 million to the province’s budget.
EVN officially started construction on the thermal power plant in December 2021, and it will start open in 2025.
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The thermal power plant project is invested by Van Phong Power Company, a wholly-owned subsidiary of Japan-based Sumitomo Corporation.
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By Ha Vy