EGATi speeds up its thermal power plant in Vietnam

This was proposed by representatives of EGATi at the recent working session with the leaders of the Quang Ngai People’s Committee.

Chartchai Rojanaratanangkule, EGATi’s deputy director of Finance and Accounting, said that the company had submitted the pre-feasibility study to the Ministry of Industry and Trade (MoIT) as well as other relevant agencies and it wanted to quickly finish the remaining procedures.

Chairman of the Quang Ngai People’s Committee Nguyen Duc Chinh stated that the province would provide favourable conditions for the investor as well as help the investor accelerate the project construction.

In June 2014, EGATi and the MoIT’s Department of Energy signed an MoU on the construction of Quang Tri thermal power plant, with the total investment capital of $2.26 billion.

The 1,200 megawatt plant’s construction is divided into two phases under the build-operate-transfer (BOT) format and is expected to incrementally go on stream in June and December 2021, respectively.

After completing the pre-feasibility study, EGATi is ready to begin the BOT contract negotiations. The viability of the initially proposed construction date, currently slated for 2017, will depend heavily on the upcoming negotiation process.

EGATi was established by Thai Power Corporation to carry out energy investment and trading projects in Asia, especially Laos, Vietnam, and Myanmar. In Vietnam, EGATi works through a representative office in Hanoi.

Along with EGATi, numerous Thai enterprises have come to Vietnam’s central provinces this year to seek investment opportunities and sign cooperation deals to help along its projects.

Notably, in February, Thai Outgrow Energy Consult Co. visited Thua Thien-Hue province to seek cooperation opportunities in the power sector. The company wants to build a thermal power plant using municipal solid waste.

Outgrow Energy Consult has invested in power plants with a capacity of around 100MW, using renewable resources like wind, solar power, geothermal energy, and solid waste.

In March, the Thua Thien-Hue People’s Committee and Thai Banpu Public Company Limited (Banpu) signed a memorandum of understanding for an investment cooperation plan to develop a 1,200 MW thermal power plant in Phong Dien district.

Accordingly, Banpu will survey the area and conduct research on the project within 24 months. Once the plant comes into stable operation, Banpu will implement the second phase, adding a capacity of 2,000MW.