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Tuesday, August 3, 2021

Bidding for local power projects attracts many Chinese contractors

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HCMC – Most of the contractors submitting tenders to execute power projects in Vietnam are from China, according to a report of the national steering board on power development over the implementation progress of local power projects.

As for Na Duong II thermal power project, of which the Vietnam National Coal and Mineral Industries Group (TKV) is the investor, most of the 16 contractors buying bidding applications for the project to date come from China.

Earlier, TKV sent out bidding documents on January 6, with the bid closing time set for April 8. However, the impact of Covid-19 prompted the investor to reschedule the closing date of the first bid to May 6 and the second one to June 10.

Regarding the Quynh Lap 1 thermal power project, TKV began inviting investors to join the bidding since February 10. The final date for the bidding submissions was also rescheduled to March 31 due to the pandemic. As a result, TKV received eight applications, with seven submitted by Chinese investors and one from a local investor.

Once a qualified investor is selected and the prime minister approves the Quynh Lap 1 project by the end of this year, it can be put into operation between 2026 and 2027.

The report also revealed that the pandemic has slowed down the progress of many thermal power projects including Hai Duong, Duyen Hai 2, Nghi Son 2 and Van Phong 1.

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