Thang Long power station

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Thang Long power station is an operating power station of at least 600-megawatts (MW) in Le Loi, Hoanh Bo, Quang Ninh, Vietnam. It is also known as Le Loi power station.

Location

Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
Thang Long power station Le Loi, Hoanh Bo, Quang Ninh, Vietnam 21.02184, 107.04815 (exact)

The map below shows the exact location of the power station.

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Unit-level coordinates (WGS 84):

  • Unit 1, Unit 2: 21.02184, 107.04815

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year
Unit 1 operating coal: anthracite 300 CFB 2018
Unit 2 operating coal: anthracite 300 CFB 2018

Table 3: Unit-level ownership and operator details

Unit name Owner Parent
Unit 1 Hanoi Export-Import Co [100%] Geleximco Group JSC
Unit 2 Hanoi Export-Import Co [100%] Geleximco Group JSC

Background

In July 2008, the Vietnam Ministry of Industry and Commerce allowed a proposal to move forward by the Thang Long Thermo-Power Joint-Stock Company to build a 600-MW coal power plant in the northern province of Quảng Ninh. The initial plan was for the first unit to come online in 2011, and the second in 2012.[1]

In December 2010, Thang Long Thermo-Power JSC signed an engineering & construction contract for the plant with Chinese company Wuhan Kaidi Electric Power Engineering[2]; the cost was estimated at $645 million, and the plant was scheduled to be completed in Sept. 2014.[3][4]

Construction began in October 2014, and is scheduled to be completed in Q3 2018.[5] In August 2015, French firm Alstom was awarded the contract to supply the plant's circulating-fluidized-bed boilers.[2] In June 2017, plans were finalized to build a 500 kV power line to connect the plant to the grid.[6]

Unit 1 entered commercial operation in May 2018 and Unit 2 entered commercial operation in July 2018.[7][8]

In August 2020, it was reported that An Binh Energy and Infrastructure Fund had acquired a 45% indirect ownership stake in the power station with an investment of US$155 million.[9]

In August and September 2023, Thang Long power station was registered to be offline temporarily for scheduled repairs.[10]

Financing

  • Source of financing: 20% owner's capital; 80% foreign loans guaranteed by the government[11]; US$640 million in debt from China Development Bank and Sinosure; US$160 million in equity from Ha Noi Export-Import[12]

In October 2014, a financing agreement for the project was closed. China Development Bank and Sinosure agreed to provide US$640 million in loans. Ha Noi Export-Import agreed to provide US$160 million in equity.[12]

Articles and Resources

References

  1. Power plants to Be Built in Central, Northern Provinces, Online Newspaper of the Communist Party of Vietnam, July 7, 2008.
  2. 2.0 2.1 Alstom to supply the largest CFB Boilers in Vietnam, Alstom press release, Aug. 2015.
  3. Quảng Ninh to Build Another Thermo-Power Plant, Quảng Ninh provincial website, Dec. 30, 2010.
  4. Quang Ninh Province Aims to Be Vietnam’s Thermoelectric Centre, Vinacomin website, April 11, 2013.
  5. Construction of Thang Long Thermal Power Plant begins, Talk Vietnam, 23 Oct. 2014.
  6. Đóng điện đường dây 500kV đấu nối Nhà máy Nhiệt điện Thăng Long, Bao Moi, 1 June 2017.
  7. Thang Long Thermal Power: Solving the challenge of capital resources, Báo Đầu Tưr, Aug 11, 2018
  8. Licensing procedures hamper construction of thermopower plants, Vietnamnet, Jan. 17, 2019
  9. ABEIF acquires Vietnam coal-fired 45% stake, IJGlobal, Aug. 20, 2020.
  10. Công ty CP Nhiệt điện Thăng Long: Góp phần đảm bảo cung ứng điện cho miền Bắc, Công Thương, July 5, 2023.
  11. "Công ty CP Nhiệt điện Thăng Long (TLP)," GELEXIMCO, accessed December 2017
  12. 12.0 12.1 "Preview of Thang Long Coal-Fired Power Plant (600MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-12-17.

Additional data

To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.