PROJECTS / Nghi Son 1,200 MW Power Station

Nghi Son 1,200 MW Power Station

East Asia and Pacific

October 22, 2020

K&M was engaged by the International Finance Corporation (IFC) to assist the Government of Vietnam with the development of a 1,200 MW ultra-supercritical coal-fired power plant under a Build-Operate-Transfer (BOT) arrangement. K&M provided all technical services to design, structure, and procure the project through a competitive bidding process. K&M assessed the project’s regulatory environment, size requirements, technology configuration, site layout, fuel supply and water needs, and other technical operating requirements. Following the feasibility work, K&M prepared all project contracts and bidding documents for the Request for Proposals, including the PPA, fuel supply agreement, and Implementation Agreement. K&M also assessed the project’s commercial risks and provided inputs to the bid financial model. After issuing the RFP, K&M assisted with the competitive bidding process and bid evaluations. On the basis of K&M’s work, the project was awarded to a consortium of KEPCO and Marubeni. The project sponsors are currently in the process of raising close to US$1.6 billion dollars in financing.

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