Marubeni Corporation (“Marubeni”) signed a contract with Vietnam Electricity (“EVN”) for construction of the Thai Binh coal-fired thermal power plant (total gross capacity 600MW) on December 26, 2013 in Hanoi, Vietnam.
The contract is worth approximately JPY 90 billion (approximately USD 900 million) which will be supported by Japanese ODA Loan funded by the Japanese government through Japan International Cooperation Agency (JICA.)
This award is a successive contract award after the EPC contract for Nghi Son 1 coal-fired thermal power plant project (600MW, planned completion in 2014) which was signed in 2010, and BOT project of Nghi Son 2 coal-fired thermal power plant (1,200MW, planned completion in 2018) of which Marubeni received a notification of award in March 2013.
The scope of this contract includes engineering, procurement, delivery of the equipment and the construction and installation work, on a full turn-key basis. Marubeni will procure steam turbines and generators from Fuji Electric Co., Ltd. and boilers from Foster Wheeler, as main equipment. Construction is planned to start from March 2014 and is expected to be completed in April 2018, including commissioning.
This contract is the eleventh power plant construction project in Vietnam of which Marubeni has participated in (excluding BOT project.) The total power generation capacity of these facilities exceeds 4,000MW, which constitutes approximately 15% of total power generation capacity in Vietnam.
In order to meet increasing power demands driven by recent rapid economic growth, a number of power plants are planned to be constructed in Vietnam. Marubeni, by utilizing its extensive experience in EPC (Engineering, Procurement and Construction) projects (with about 100,000MW of total power generation capacity worldwide) and rich project management capability, commits to contribute toward stable power supply in Vietnam.
Location : Hanoi (Socialist Republic of Vietnam)
Foundation : 1995
Employees : About 120,000 (for EVN group)
Capital : Vietnamese Dong 49 trillion
Annual Sales : Vietnamese Dong 122 trillion