| Project Detail |
A consortium including ACWA Power, the largest private sector water and power company in Saudi Arabia and Taekwang Power Holdings Company Limited of Korea, announced that they signed a joint development agreement to develop Nam Dinh 1 IPP Project, 1200 MW (first phase) coal fired power project, located in Hai Hau District, Nam Dinh Province, 150 Km Southeast of Hanoi, Vietnam.
Nam Dinh1 IPP Project is a Greenfield Independent Power Project (IPP) to be developed on a Build, Own, Transfer (BOT) basis with a total investment cost of more than US$ 2 billion. The plant is to be equipped with new application of clean technologies for coal utilization – Circulating Fluidized Bed Combustion (CFBC) as an alternative to Pulverized Coal Combustion (PCC) for power generation with the coal supplied by Vinacomin, a government owned coal mined company.
The off-taker for the Project will be Electricity of Vietnam (EVN), the government owned national utility. The operation and maintenance of the Project will be undertaken by the consortium with a leading role by NOMAC, a subsidiary of ACWA Power. POSCO E&C from Korea has been selected as a preferred bidder for the Engineering, Procurement and Construction (EPC) of the Project.
LOCATION
Nam Dinh, Vietnam
OFFTAKER
Electricity of Vietnam
OFFTAKE CONTRACT
PPA BOT 25 years
POWER
1200 MW
FUEL
Coal
CONFIGURATION
Steam Turbines
PROJECT COST
USD 2,200 Mn
ACWA POWER SHARE
45.00%
OTHER INVESTORS
Taekwang Power (50%)
EPC
POSCO E&C
O&M
JV of NOMAC & Taekwang Power |
