Finnish expertise seeked for pumped storage hydropower project in Vietnam

The Bac Ai power project (1,200 MW) located in the Ninh Thuan province is the first pumped storage power project in Vietnam. The project aims to contribute to stabilising the national power system and provide power to meet the peak load demand. It enables Vietnam’s energy transition towards increased contributions from renewable energy and thereby reduces dependency on fossil fuels.

The total investment of Bac Ai project is about USD 900 million, and its co-financed by AFD, EIB, KfW and JICA. The project is currently under due diligence process: financial due diligence, additional E&S studies required after a gap analysis, and justification of the project. Consultancy services will be needed for the project in, for example, technical design, safety conditions, project implementation, monitoring and coordination.

Interested Finnish companies that have relevant technical competence and technologies can contact Finnpartnership for further information: julian.blom@finnpartnership.fi. More information on Finnpartnership’s Global Gateway campaign and all the projects can be found here.