Jun. 2. 2010
Marubeni Corporation (“Marubeni”) has been awarded a contract for construction of Nghi Son (1) Coal Fired Thermal Power Plant with the total gross capacity of 600MW on 1st June 2010, from Vietnam Electricity (“EVN”), and this plant is the largest class Marubeni has constructed in Vietnam.
The contract is worth approximately 90 billion Japanese Yen (equiv. in USD 990million), which is supported by Japanese ODA Loan funded from Japanese Government through Japan International Cooperation Agency (JICA) (1st Stage Loan Agreement : Approx. Japanese Yen 20 billion, signed in March 2007).
The scope of this contract includes engineering, procurement, delivery of the equipment and the construction and installation work, on a Full Turn-Key basis. Marubeni will procure Steam Turbines and Generators from Fuji Electric Systems and Boilers from Foster Wheeler, as main equipment, and the plant is expected to be commissioned in March 2014.
The plant will be equipped with highly efficient anthracite coal-fired boilers and flue gas desulfurization equipment, which makes the plant environmentally friendly.
This project is categorized as one of the most important projects in the Master Plan (long term power development plan established by Vietnamese Government) for the purpose of responding to increasing power demands in Vietnam, where significant economic growth is being achieved.
The project is located in Nghi Son district, coastal area of Central Vietnam, belonging to Thanh Hoa Province, and is going to be EVN’s first large-sized thermal power plant in Central Area of Vietnam.
In this Nghi Son district, several industrial plants, like large capacity oil refinery plant, are planned to be constructed and by constructing the large-sized power plant with utilizing Japanese ODA Loan will greatly contribute to the development of infrastructure in this area.
Marubeni enjoys a successful record in power plant construction projects in Vietnam, having been awarded 9 projects before, and this project is Marubeni’s 10th project in Vietnam. The total power generation capacity of Marubeni’s supplied facilities in Vietnam exceeds 3,400MW, representing about 20 percents of Vietnam’s total power generation capacity.
In this project, Marubeni believes its extensive experience, competitiveness of price as well as project management capability in the field of power plant construction in Vietnam are highly appreciated by Vietnamese Government and EVN and it led to this successful receipt of the order.
In addition, as Nghi Son (2) project whose construction site is next to this project is now planned for international tender with BOT (Built-Operation-Transfer) method, Marubeni will be aiming to be awarded consecutively.
Marubeni has been committed to investing the efforts for the successful completion of this project and further expanding future business in the power sector in Vietnam.
<Summary of Vietnam Electricity (EVN)>
Location : Hanoi (Socialist Republic of Vietnam)
Foundation : In 1995
Employee : About 90,000
Capital : Vietnamese Don 61 trillion
Annual Sales : Vietnamese Don 65 trillion