• 22+ GW

    of power

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  • 2.7 million M3 day

    of desalinated water

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Project

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OVERVIEW

A consortium including ACWA Power, the largest private sector water and power company in Saudi Arabia and Taekwang Power Holdings Company Limited of Korea, announced that they signed a joint development agreement to develop Nam Dinh 1 IPP Project, 1200 MW (first phase) coal fired power project, located in Hai Hau District, Nam Dinh Province, 150 Km Southeast of Hanoi, Vietnam.

 

Nam Dinh1 IPP Project is a Greenfield Independent Power Project (IPP) to be developed on a Build, Own, Transfer (BOT) basis with a total investment cost of more than US$ 2 billion. The plant is to be equipped with new application of clean technologies for coal utilization – Circulating Fluidized Bed Combustion (CFBC) as an alternative to Pulverized Coal Combustion (PCC) for power generation with the coal supplied by Vinacomin, a government owned coal mined company.

 

The off-taker for the Project will be Electricity of Vietnam (EVN), the government owned national utility. The operation and maintenance of the Project will be undertaken by the consortium with a leading role by NOMAC, a subsidiary of ACWA Power. POSCO E&C from Korea has been selected as a preferred bidder for the Engineering, Procurement and Construction (EPC) of the Project.

KEY FACTS

  • LOCATION
    Nam Dinh, Vietnam
  • OFFTAKER
    Electricity of Vietnam
  • OFFTAKE CONTRACT
    PPA BOT 25 years
  • POWER
    1200 MW
  • FUEL
    Coal
  • CONFIGURATION
    Steam Turbines
  • PROJECT COST
    USD 2.3 Mn
  • COMMERCIAL OPERATIONAL DATE
    Q3 2021
  • ACWA POWER SHARE
    50%
  • OTHER INVESTORS
    Taekwang Power (50%)
  • EPC
    POSCO E&C
  • O&M
    JV of NOMAC & Taekwang Power