South Korean private power producer POSCO Energy has been awarded another contract for the development and operation of a coal-fired power plant in Vietnam.

The plant, set to be built in Nghe An Province follows the company’s first effort in Vietnam, at Quang Ninh, which has been operational since late 2015.
POSCO Energy
The new Quynh Lap Ⅱ coal-fueled power plant will be built in the industrial complex in Dong Hoi of the Nghe An Province in northern central Vietnam, 270 kilometers from Hanoi.

The plant will have an annual production capacity of 1,200 MW, with two 600 MW reactors and will be developed on a build, operate and transfer (BOT) contract where POSCO sells power produced at the plant to state-run Vietnam Electricity (EVN) for 25 years after construction, before transferring the ownership to the government.

In the process of building the project, the Nghe An provincial government plans to also create an industrial complex for heavy industries by attracting steel, machinery and cement producers. It then expects the new Quynh Lap Ⅱ coal-fueled power plant to feed enough energy to power the newly created industrial district.