The Thai Binh 2 is a 1.2GW coal-fired power plant under construction in the coastal province of Thai Binh in northern Vietnam.
State-owned Vietnam National Oil and Gas Group (Petrovietnam) is developing the project through its subsidiary Petrovietnam Construction (PVC).
Recommended White Papers
The £1bn ($1.6bn) project broke ground for construction in March 2011. It is expected to commence operations in April 2022 and achieve full capacity by December 2022.
The coal-fired facility is estimated to generate up to 6.7 billion kilowatt-hours (kWh) of electricity a year.
Location and site details
The Thai Binh 2 coal-fired power project is located to the south of My Loc commune, Thai Thuy district, Thai Binh province, Vietnam.
The project site lies within the 254.22ha Thai Binh Power Centre located on the left bank of the Tra Ly River. The Thai Binh Power Centre also houses the 600MW Thai Binh 1 coal-fired power plant, which has been operational since 2017.
Thai Binh 2 coal-fired power plant make-up
The Thai Binh 2 power plant will consist of two 600MW coal-fired units. Each unit will comprise a boiler, a steam turbine and a generator, along with the balance of plant (BOP) facilities.
The other components of the project include a fuel unloading jetty, coal and limestone transportation facilities, a freshwater pipeline system and a coal storage facility, apart from fire-fighting, air-conditioning, ventilation and communication systems for the plant.
The plant will use powder coal, which will be supplied by Vietnam National Coal-Mineral Industries (Vinacomin).
Power evacuation
The electricity generated by the Thai Binh 2 coal-fired power plant will be evacuated through a 500kV transmission line into the national grid system operated by Vietnam Electricity (EVN).
Financing
The Thai Binh 2 coal-fired power project is being financed by the Japan Bank for International Cooperation (JBIC), the Export-Import Bank of Korea (KEXIM) and other international banks.
The loan agreements are guaranteed by the Ministry of Finance (MoF), on behalf of the Government of Vietnam.
Main contractors involved in the Vietnamese coal-fired power project
PVC, the construction arm of Petrovietnam, is the engineering, procurement and construction (EPC) contractor for the Thai Binh 2 project.
A consortium of Toshiba Corporation, Sojitz Corporation and Daelim Industrial was awarded an engineering, procurement and supply (EPS) contract worth $830m by PVC for the Thai Binh 2 coal-fired power project in May 2012.
Two Japanese companies, Toshiba and Sojitz, are responsible to design, manufacture and supply steam turbines and generators, while South Korean engineering and construction firm Daelim Industrial is in charge of plant engineering, construction management, and procurement of boilers.
Babcock & Wilcox Beijing (BWBC) received a contract worth more than $300m to design and manufacture two coal-fired boilers and auxiliaries, as well as two wet flue gas desulfurisation (FGD) units for the Thai Binh 2 power plant in August 2012.
PVC engaged Lilama Corporation to install mechanical and electrical equipment of the plant in April 2014.
Petroleum Equipment Assembly & Metal Structure (PVC-MS), a subsidiary of PVC, was engaged to fabricate and erect the steel structure for the turbine and control buildings.
Phung Luat Engineering and Trading was contracted to install the steam turbine, generator, and auxiliary equipment of unit 1 of the plant, while PVC-MS was engaged to install the same for unit 2.
EVN National Power Transmission (NPT), a subsidiary of EVN, is responsible to construct the transmission line to connect the power plant with the national grid, under an agreement signed in December 2012.
Other contractors and suppliers involved in the Thai Binh 2 project
A consortium of Hoa Hong and Hung Tri was contracted to provide air-conditioning and ventilation systems of the turbine and central control buildings of the plant in November 2015.
A joint venture of Hoang Duong and Hoa Nguyen supplied valves, steel pipes and auxiliaries for the cooling water intake and discharge systems of the plant.
A consortium of Petroleum Pipeline & Tank Construction (PVC-PT), MIE Metal Industry and Viettronics was contracted to provide the slag removal system of the plant in June 2015.
Vietnam Energy Inspection Corporation (EIC) in consortium with Vinacontrol was engaged to inspect the imported equipment and materials for the project in June 2014.
FLSmidth Wadgassen Germany was awarded a materials handling contract worth more than $55m for the Thai Binh 2 power project in May 2014.
Local companies Lisemco 2 and Hoang Anh provided an overhead crane for the plant construction, under a contract awarded in March 2014.
Petro Song Da Trading and Investment was contracted to supply 22mm-thick iron sheets for cooling water pipes in February 2015, while Burwitz Group supplied and handled refractory materials for the plant’s boilers.
