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Nam Dinh 1 Thermal IPP

Nam Dinh 1 Thermal IPP

OVERVIEW

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.

KEY FACTS

  • 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

  • COMMERCIAL OPERATIONAL DATE

    H1 2024

  • ACWA POWER SHARE

    45.00%

  • OTHER INVESTORS

    Taekwang Power (50%)

  • EPC

    China Gezhouba Group Company Ltd (CGGC)

  • O&M

    JV of NOMAC & Taekwang Power

  • NOMAC, Population icon

    2,000 +

    employees across the globe

  • NOMAC, Meter icon

    28,000 + MW

    of power generation

  • NOMAC, Water Meter icon

    5.3 + million m3/day

    of desalinated water production

  • NOMAC, Countries flag icon

    10 + countries

    of global presence

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