The 1.2 GW (2 x 600 MW) Vung Ang 2 ultra-supercritical (USC) coal-fired power plant in Vung Ang (Vietnam) is expected to enter construction in December 2021 after developers completed the necessary procedures. The US$2.2bn project, owned by Mitsubishi Corp and Korea Electric Power, is expected to start commercial power generation in late 2025. Doosan Heavy Industries & Construction will also participate in the project.
Vietnam'’s total capacity amounts to 69.7 GW in 2020 (+27% compared to 2019), including 22.2 GW of coal, 20.1 GW of hydro, 16.5 GW of solar, 7.5 GW of gas and 2.5 GW of oil. The draft Power Development Plan 8 (PDP 8) of Vietnam forecasts an installed capacity of 144 GW in 2030, with coal-fired power plants accounting for 31% of the country's installed capacity in 2030. Consequently, more than 20 GW of coal-fired capacity could be installed between 2021 and 2030.
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