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8/13/2019 201109_II-1
1/2
SS uu mm mm aa rr y y SS hh ee ee tt TThh aa ii BBiinn hh 22 CCoo aa ll-- FFiirr ee dd PP oo ww ee rr PP llaa nn tt
TT hh aa ii BB ii nn hh 22 CC oo aa ll -- FF ii r r ee dd PP oo ww ee r r PP ll aa nn tt
8/13/2019 201109_II-1
2/2
SS uu mm mm aa rr y y SS hh ee ee tt TThh aa ii BBiinn hh 22 CCoo aa ll-- FFiirr ee dd PP oo ww ee rr PP llaa nn tt
Purpose: Power supply to large area in the North, includingThai Binh, Hai Phong, Hai Duong, Bac Ninh, Hanoi etc.,contributing to stable and sustainable national network. Location: My Loc commune, Thai Thuy district, Thai Binh province, Vietnam
Owner: Petrovietnam Shareholders structure: PVN: 100% Investment Capital: US$ 1,656 million. Project life: 30 years Capacity: 1200 MW (2 units of 600 MW) Maximum foreign equity ownership: 71%. Financing source: PVN, Sojitz
NPV: US$ 301.8 million IRR: 12%
Payback Period:16 years Tariff: US Cent 5.7/kWh
Milestone Duration
EPC Contract March 2011 - Dec 2014
COD Unit 1 June 2014COD Unit 2 Dec 2014
1. Completed works EPC contractor selection Detail technical design (FEED) Land clearance and settlement Compensation Water and electric for construction
2. On-going works Coal supply agreement PPA negotiation
Total area: 254.22 ha Unit configuration: 01 PC boiler + 01 turbine + 01generator Technology: Sub-critical technology Sales volume: 7.2 billion kWh/year Tmax: 6,500h Design of the plant: 30 years Fuel rate consumption: Domestic coal: around2,980,000 tons/year and Oil consumption: around15,600 tons/year.
Grid connection: Via 220kV switchyard to the NationalGrid
Main transformer: 220/21kV, tap changer (10x1.25%),neutral earthed, outdoor, 2-windings, 3 phase, 750MVA
Conformable with Master Power Plan and socio-economic plans of Vietnam and the region
Ministry of Finance, acting on behalf of the VietnamsGovernment, will guarantee for overseas financingloans for Petrovietnams participating interest
Power supply to not only Thai Binh province but alsoto the Northern area of Vietnam
Reducing losses in transmission lines and improving power quality, ensuring power security of the nationalgrid
Coal, oil, limestone, equipment and materials duringconstruction could be transported without difficultiesthanks to favorable project location.
Equipped with sub-critical technology combined withadvanced combustion technology (low NOx), ESP,FGD equipments installed to satisfy environmentalrequirements and reduce the electricity price.
Competitive labour cost
Tax exemption on imported goods
CIT rate of 15%/year applied in 12 years from startingcommercial operation (in comparision to 25% ofstandard CIT)
Tax exemption in the first 4 years since starting taxableearnings and applied 5% in the following 9 years and10% in the next 2 years.
Low land-clearance cost.
Main ParametersOverview
Current Status
Economic Efficiency Incentives
Schedule
Competiveness