Power Generation Corporation 1 wants to invest in a 55,000 billion VND thermal power plant, to be operational by the end of 2030.

Power Generation Corporation 1 proposed to be the investor of Quang Tri Thermal Power Plant, which has been included in Power Plan VIII, but has no investor yet, with a total capital of 55,000 billion VND, expected to generate electricity by the end of 2030.

ENVGENCO1 delegation worked with the People's Committee of Quang Tri province on investment in the Quang Tri Thermal Power Plant project - Photo: TIEN NHAT

On February 10, the Office of the People's Committee of Quang Tri province said that the province received a document from Power Generation Corporation 1 (EVNGENCO1) regarding the proposal to be the investor of the Quang Tri Thermal Power Plant.

Quang Tri Thermal Power Plant with a capacity of 1,320 MW has been updated in the list of slow-progressing coal-fired thermal power projects under the National Power Development Plan for the 2021-2030 period, with a vision to 2050 (Power Plan VIII).

In August 2013, the Prime Minister approved the project for the Thai Electricity International Company (EGATi) to be the investor and implemented under the build-operate-transfer (BOT) model, with a total investment of over VND55,000 billion.

The scale is 1,320MW, including 2 units, each unit has a capacity of 660MW.

By July 2024, the Ministry of Industry and Trade agreed to let EGATi stop this project. Therefore, the project has no investor. Therefore, EVNGENCO1 believes that assigning this unit as the project investor is in accordance with the provisions of the Electricity Law and the policy of the Ministry of Industry and Trade.

This corporation has a lot of experience and is the project investor, implementing project management of the Duyen Hai 1 thermal power projects (2x622.5MW), Duyen Hai 3 (2x622.5MW), Nghi Son 1 (2x300MW)... and hydropower projects (Dong Nai 3&4, Ban Ve, Song Tranh...).

In case of being assigned as the investor, EVNGENCO1 commits to put the project into operation according to the schedule approved in the Power Plan VIII based on the proposal of some specific policies. At the same time, it ensures investment efficiency, contributing to the supply of electricity for socio-economic development.

Key progress milestones: expected to complete procedures to assign EVNGENCO1 as investor in Q2-2025, start construction in Q3-2027 and commercial operation of 2 units in Q4-2030.

Power Generation Corporation 1 requests the People's Committee of Quang Tri province to consider and report to the Ministry of Industry and Trade to submit to the Government to assign EVNGENCO1 as the investor of the Quang Tri Thermal Power Plant project in the case of an emergency power project or construction according to the provisions of the Electricity Law 2024.

Previously, in a working session with EVNGENCO1, acting Chairman of the People's Committee of Quang Tri province Ha Sy Dong requested the corporation to speed up the implementation roadmap as well as complete a convincing and highly feasible investment plan.

On that basis, the Provincial People's Committee will consider and study and submit to the Provincial Party Standing Committee this investment policy, and at the same time report to competent authorities in accordance with regulations.

Source: https://tuoitre.vn/tong-cong-ty-phat-dien-1-muon-dau-tu-nha-may-nhet-dien-55-000-ti-dong-cuoi-nam-2030-van-hanh-20250210152649662.htm