This project, developed by Vietnam Electricity (EVN) in collaboration with the Asian Development Bank (ADB), Rocky Mountain Institute (RMI), Global Energy Alliance for People and Planet (GEAPP), and the Vietnam Energy Institute, marks a crucial step towards Vietnam's target of developing 300MW of energy storage by 2030, as outlined in the latest Eighth Power Development Plan (PDP 8).
Vietnam Electricity together with a consortium of contractors have been awarded contracts for the construction of the 1.2 GW Bac Ai Pumped Storage Hydropower Plant Project.
What is the capacity of BAC AI pumped storage hydropower plant?
The project has a capacity of 1,200 MW, including 4 turbine/pump units - generator/engine units with a capacity of 300 MW per unit. The total investment for the Bac Ai Pumped Storage Hydropower Plant project is about 21,100 billion VND, with the capital for the project arranged from loans and EVN's allocated funds.
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Capacity: 1.2 GW Number of turbines: 4 Developer: Vietnam Electricity Completion date: May 2031 Details on the other construction processes include constructing and installing of main project equipment. This includes the pressure tunnel, upstream pressure tower, underground factory and 500 kV distribution station.
The government anticipates a 10-12% annual surge through 2030 in the nation's power consumption. This rapidly expanding energy demand presents a significant challenge to Vietnam's transforming energy landscape, especially considering the urgent need to reduce global emissions and utilise renewable alternatives.
Construction location: Bac Ai district, Ninh Thuan province. Total investment: VND 21,101,468 million. Start of construction: February 2025. Generation of unit 1 in December 2029, unit 2 in April 2030, unit 3 in August 2030, and unit 4 in December 2030. Expected to be completed in May 2031./.