15:12 | 15/07/2017 Energy
On July 2, 2017, Ministry of Planning and Investment and Nam Dinh Provincial People’s Committee held a ceremony of handing over the investment certificate for Nam Dinh I BOT thermal power project (TPP).
The Nam Dinh I TPP is invested by the consortium of Taekwang Power (S. Korea) and Acwa Power (Arab Saudi) in form of Build – Operate – Transfer (BOT).
As the plan, the construction of TPP with a capacity of 1109.4 MW (2x554.7 MW) will be finally completed after 57 months since the starting up date (the unit No1 completed after 51 months). The investor will design, build and then operate the project for 25 years before transferring it to the host country.
The total investment level of the project is about US$ 2.2 billion, of which the equity - 518 million and loans - more than 1.5 billion.
The Nam Dinh I TPP expects to use domestic coal as dust 6b from Hon Gai, Vang Danh, Mao Khe mines with a volume of about 4.4 million ton per year provided by the Vinacomin.
The project occupies 242.71 ha in Hai Chau and Hai Ninh communes, Hai Hau district, Nam Dịnh province.
The BOT contract for the project was signed previously between the Investor and the Ministry of Industry and Trade.