HCMC – State utility Vietnam Electricity Group (EVN) started constructing a thermal power plant in the central province of Quang Binh today, December 13, with a total investment exceeding VND41.1 trillion (US$1.79 billion).
The Quang Trach 1 plant will cover an area of some 48.6 hectares in Quang Dong Commune, Quang Trach District, and have two generators with a combined capacity of 1,000 MW, reported the local media.
The project is scheduled to be operational in 2025, supplying 8.4 billion kWh of electricity to the national grid per year, helping increase the portion of thermal power in the national power system and reduce the dependence on hydroelectricity.
Further, the plant is expected to contribute VND1.2 trillion to the provincial budget annually, pave the way for the central province to develop supporting industries, as well as create job opportunities for local residents.
According to Nguyen Tai Anh, vice general director of EVN, the Quang Trach 1 thermal power plant project will apply modern technology and be equipped with wastewater and gas emission treatment and dust filtration systems in line with Vietnam’s environment standards and the World Bank’s current standards.
Dang Hoang An, Deputy Minister of Industry and Trade, said that the growth rate of the country’s power sector reached 10.5% in the nine years from 2011 to 2019, and rose nearly 4% in the January-November period of this year versus the 2020 figure. The demand for electricity is forecast to continue to soar in the coming years when the economy recovers.
Accordingly, the development of the power project with a large capacity would contribute to ensuring adequate power supply in the country.