Coc San Hydro Power Project

Providing over 120GWh of renewable energy each year to the region’s power grid

Context

Located in Vietnam’s far north, on the border with China’s Yunnan Province, InfraCo Asia’s Coc San Hydro Power Plant has added 29.7 MW of new, clean capacity to the region’s power grid. Generation of peaking power by this run of-river project supports grid stability in the northern part of Vietnam. The project provides more than 120 GWh of renewable energy per annum and reduces carbon emissions by about 76,000 tonnes per annum.

The Project

The Coc San Hydro Power Plant is located in the Dum River Valley, tributary of Hong (Red) River, in Lao Cai province of Vietnam. InfraCo Asia’s participation enabled the project to be developed despite Vietnam’s economic challenges at the time. The Coc San Hydropower Project has been operating reliably since 29 April 2016 and sells power to Northern Power Corporation (a subsidiary of Vietnam Electricity (EVN)) under a 20-year Power Purchase Agreement under the Avoided Cost Tariff regime.  Long-term financing is in place with a local bank, which benefits from the support of the World Bank’s Renewable Energy Development Project.

InfraCo Asia divested its shareholding in the Coc San Hydro Power project to TEPCO in November 2018, successfully completing a full cycle of developing, investing in, bringing to commercial operation and fully exiting the projects.

Project Overview
Company
Lao Cai Renewable Energy
Country
Vietnam
Region
Lao Cai Province
Sector
Power (Hydro)
Size
29.7MW
Status
In operation
Timeline
  • Project approved in 2012
  • Financial Close in Q4 2014
  • COD achieved on April 2016
  • InfraCo Asia divested shareholding to TEPCO in November 2018
Total Project Cost
$44.5M
Funding Committed
$7.5M as a Joint Venture Partner
IAI Investment
$10M
Other Shareholder(s)
Nexif Energy, Colben Energy Holdings and 2 Vietnamese investors
Suppliers

China:

  • China Zhejiang Hydropower Construction
  • Yibin Fuyuan Equipment of Power Generation Co Ltd. (Turbine and Generator)

Vietnam:

  • Vietnam HVD Construction and Investment Consultant JSC (Road Acess to power house)
Development Impact
  • 87,000 people with improved access to power
  • Over 30 long-term jobs
Project Resources
In the NewsRead Here
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