Signing contract for construction package of Bac Ai Pumped Storage Hydropower Plant Phase 2, Phase 1

EVN and the contractor consortium signed Package 02XL-BA "Construction and installation of Bac Ai Pumped Storage Hydropower Plant - Phase 2, Phase 1 of Bac Ai Pumped Storage Hydropower Plant Project - Ninh Thuan Province".

EVN and the contractor consortium signed Package 02XL-BA "Construction and installation of Bac Ai Pumped Storage Hydropower Plant - Phase 2, Phase 1 of Bac Ai Pumped Storage Hydropower Plant Project - Ninh Thuan Province".

On February 13, 2025 in Hanoi, Vietnam Electricity Group (EVN), Power Project Management Board 3 and the Contractor Consortium: Lung Lo Construction Corporation, Song Da Corporation, LILAMA 10 Joint Stock Company, SCI E&C Joint Stock Company, Construction Joint Stock Company 47, Truong Son Construction Corporation and Vietnam Construction and Import-Export Joint Stock Corporation held the Signing Ceremony of Package 02XL-BA "Construction and installation of Bac Ai Pumped Storage Hydropower Plant - Phase 2, Phase 1 of Bac Ai Pumped Storage Hydropower Plant Project - Ninh Thuan Province".

Attending the signing ceremony were representatives of the State Capital Management Committee at Enterprises, the Department of Electricity and Renewable Energy - Ministry of Industry and Trade, leaders of Vietnam Electricity Group, leaders of Power Project Management Board 3 and the Joint Venture of contractors for package 02XL-BA.

The project has a scale of 1,200 MW including 04 turbine/pump – generator/engine units with a capacity of 300MW/unit. The total investment of Bac Ai pumped storage hydropower project is about 21,100 billion VND, the capital for the project is arranged from loans and capital arranged by EVN.

The Bac Ai pumped storage hydropower plant project in Ninh Thuan province (the Project) was approved by the Prime Minister in the National Power Development Plan for the 2021-2030 period, with a vision to 2050.

The first unit is expected to generate electricity by December 2029 and the entire project will be completed by May 2031.

Package No. 02XL-BA is the main construction package of the Project with the scope of work including the following main tasks: (i) Construction and installation of main construction equipment: including Pressure tunnel, Upstream pressure tower, Underground plant and 500kV distribution station, Discharge tunnel, Downstream pressure tower, Downstream valve tower; (ii) Underground construction tunnels and alleys; (iii) Roads serving construction and operation; (iv) 22kV construction power supply system; (v) Construction and domestic water supply system; (vi) Auxiliary works and construction camps.

Through the process of open domestic bidding via the Internet, the Contractor Consortium: Lung Lo Construction Corporation, Song Da Corporation, LILAMA 10 Joint Stock Company, SCI E&C Joint Stock Company, Construction Joint Stock Company 47, Truong Son Construction Corporation and Vietnam Construction and Import-Export Joint Stock Corporation won the bid for package 02XL-BA with a value of 4,334 billion VND.

The contract implementation period is approximately 81 months, in which the power generation progress of unit 01 is in December 2029, unit 02 in April 2030, unit 03 in August 2030, unit 04 in December 2030 and the entire contract is completed in May 2031.

Speaking at the signing ceremony, a representative of the Vietnam Electricity Group said that this is the first pumped storage hydropower project built in Vietnam and is one of EVN's key projects to be implemented in 2025.

Mr. Pham Hong Phuong, Deputy General Director of Vietnam Electricity Group, spoke at the signing ceremony.

During the investment preparation and project implementation process, EVN received close attention and direction from the Government, the Ministry of Industry and Trade, the State Capital Management Committee at Enterprises, along with the support and close coordination of the Ninh Thuan Provincial People's Committee and the provincial Departments and Branches to develop a construction organization plan, select suitable contractors, and ensure requirements on safety, progress, and quality of the project.

Vietnam Electricity Group assigned the Power Project Management Board 3 and the 02XL-BA Package Joint Venture to manage the project, organize construction to ensure compliance with quality and environmental requirements, focus resources and equipment to accelerate progress, and strive to complete the project according to the set plan.

Bac Ai pumped storage hydropower project, Ninh Thuan province:
Investor: Vietnam Electricity Group;
Representative of the investor managing and operating the project: Power Project Management Board 3;
Construction site: Bac Ai district, Ninh Thuan province;
Total investment: 21,101 billion VND;
Construction start: February 2025;
Power generation of unit 01 in December 2029, Power generation of unit 02 in April 2030, Power generation of unit 03 in August 2030, Power generation of unit 04 in December 2030;
Expected to be completed in May 2031.