The project is owned by Vietnam Electricity, managed and implemented by Power Project Management Board No. 1.
The project is classified as of special grade according to QCVN04-05:2012.
Construction location: Construction site of the main works is located on the right bank of the existing Hoa Binh hydropower dam. The power plant is located in Phuong Lam ward, the water intake and the inlet channel are located in Thai Binh, Phuong Lam, Thai Thinh wards (Hoa Binh city, Hoa Binh province).
Project investment objectives are to increase the peaking capacity of the national power system, to maximize the utilization of annually discharged excess water in the flood season of the existing Hoa Binh hydropower plant for generating electricity; to improve frequency regulation capacity, stabilize the national power system's frequency, contribute to reducing operation costs of the national power system; to diminish working intensity of the existing power units, thereby extending lifetime of equipment and saving maintenance costs.
The main technical parameters include: Full supply level of 117 meters; Minimum operating level of 87 meters; Installed capacity of 480 MW. The plant consists of 2 power units and the average annual electricity output is 495 million kWh. The construction cost estimate is VND 7,852.6 billion.
The project construction will commence in December 2020, the commercial operation dates of power units no. 1 and no. 2 will be June 2024 and October 2024 respectively.
EVN's Board of Directors has assigned the President and CEO of EVN to organization the realization of project investment and construction activities in accordance with current legal regulations, implementing the project on schedule, meeting quality requirements, applying the Group's quality assurance and quality control system in combination with state-of-the-art information technology applications in order to improve the efficiency of project management; to approve design revisions as for project items that need to be adapted (if any) but do not change the overall layout, project scale, main parameters and not exceed the approved construction cost estimate.
EVN's Board of Directors has assigned Power Project Management Board No.1 to coordinate with the design consultant and relevant organizations to formulate, verify and approve construction drawings of Hoa Binh Hydropower Plant Extension Project in compliance with legal regulations.