EVN/PV Power – Thai Binh Thermal Power Center 1800 MW – Vietnam - Project Profile

Date: March 13, 2018
Pages: 10
US$ 75.00
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: E697D509D78EN

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EVN/PV Power – Thai Binh Thermal Power Center 1800 MW – Vietnam - Project Profile

'EVN/PV Power – Thai Binh Thermal Power Center 1800 MW – Vietnam - Project Profile' contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The 'EVN/PV Power – Thai Binh Thermal Power Center 1800 MW – Vietnam - Project Profile' is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.


The Vietnam Electricity (EVN) along with PetroVietnam Power Corp (PV Power) and National Power Transmission Corporation are undertaking the construction of a thermal power center project in Thai Binh, Vietnam.

The project includes the construction of a power complex with an installed capacity of 1,800MW. The complex will comprise two power plants.

The first plant, called Thai Binh 1, includes the construction of 600MW (2x300MW) power plant and is being constructed by EVN. The second plant, called Thai Binh 2, includes the construction of a 1,200MW power plant with two units and is being constructed by PV Power.

Electricity of Vietnam (EVN) and Electricity Generating Company No 3 (EVN Genco3) is the unit responsible for project management consultancy for first plant of the project.

The National Power Transmission Corporation is also planning to construct a 30km transmission line to ensure proper supply of power.

The plant will use 1.53 million tonnes of domestic coal to keep the production cost low and reduce high dependency on hydroelectric power, which currently accounts for 37% of the total power production in the country.

ODA loan is being used for procurement of goods and civil works related to the construction of the power plant and installation of transmission lines. The project is funded by the Japan Bank, World Bank, Asian Development Bank and Ordinary Capital Resources.

In March 2011, PV Power signed a contract worth US$1,200 million with PetroVietnam Construction Joint Stock Co (PVC) for the construction of Thai Binh 2 and the construction works commenced.

In May 2012, Toshiba Corporation, Sojitz Corporation, and Korea's Daelim Industrial Co., Ltd was awarded the EPS contract from PVC for the Thai Binh 2 project.

Toshiba and Sojitz are responsible for design, manufacturing, and supply of the steam turbines and generators and Daelim is responsible to handle overall plant engineering and construction schedule control, as well as procurement of boilers and auxiliary equipment.

In August 2012, Babcock & Wilcox Beijing Company (BWBC), a joint venture of The Babcock & Wilcox Company, was appointed as the sub contractor for Thai Binh 2. BWBC will design and manufacture two 600 MW boilers, boiler auxiliaries and two wet flue gas desulfurization units (FGD) for the coal-fired power plant.

Zhejiang Tiandi Environmental Protection Engineering Company, a licensee of B&W, will be supplying the two wet FGD units for Thai Binh 2.

On December 26, 2013, Marubeni Corporation was appointed as the EPC Contractor for the Thai Binh 1. Marubeni will procure steam turbines and generators from Fuji Electric Co., and boilers from Foster Wheeler.

On February 22, 2014, construction works on Thai Binh 1 commenced.

On January 7, 2015, Yokogawa Engineering Asia Pte Ltd, a subsidiary of Yokogawa Electric Corporation was awarded a contract from Toshiba Plant Systems & Services Corporation to deliver control systems for the first unit of the Thai Binh 1.

On February 3, 2015, Japan International Cooperation Agency (JICA) signed a loan agreement with the Vietnamese government for US$310 million for the Thai Binh 1 project.

On May 18, 2015, a groundbreaking ceremony of the installation of a steam drum for Unit 2 of the Thai Binh 2 was held.

In May 2015, 31% of construction works were completed. However, construction progress was delayed 40% against the schedule.

As of May 2016, 66% of the construction works completed in Thai Binh 2.

On May 23, 2017, construction works completed on Thai Binh 1 plant.

On July 24, 2017, EVN Genco3 announced to establish the Thai Binh Thermal Power Company for the management and operations of the first phase.

Construction works on the Thai Binh 2 are underway and scheduled to be complete by end of 2018.


The project involves the construction of a 1,800MW thermal power complex in Thai Binh, Vietnam.

The US$2,970 million project also includes the following:

1. Construction of 600MW Thai Binh 1 Power Plant
2. Construction of 1,200MW Thai Binh 2 Power Plant
3. Construction of 30km long 220kV transmission line

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.

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Toshiba Corporation
Sojitz Corporation
Fuji Electric Co Ltd
Marubeni Corporation
Babcock & Wilcox Beijing Co Ltd
Zhejiang Tiandi Environmental Protection Engineering Co Ltd
Daelim Industrial Co Ltd
Yokogawa Engineering Asia Pte Ltd
Ministry of Industry and Trade
PetroVietnam Construction Joint Stock Corp
PetroVietnam Power Corporation
Vietnam Electricity
Evngenco 3
Foster Wheeler AG (Inactive)
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