Evaluation of EPC contracts in thermal power plant projects : a case study of long PHU 1 coal fine thermal power plant project 2x600 MW | |
| Author | Truong Tran Van Dung |
| Call Number | AIT Proj no.MPM-CM-21-14 |
| Subject(s) | Construction contracts--Vietnam--Management Electric power-plants--Vietnam |
| Note | A project submitted in partial fulfillment of the requirements for the degree of Master of Engineering (Professional) in Construction Engineering and Infrastructure Management |
| Publisher | Asian Institute of Technology |
| Abstract | In recent years, Vietnam has entered a new phase where energy demand is increasing rapidly. This resulted that many industrial construction projects had been invested and implemented, in which thermal power plants play a key role in generating electricity to help provide energy security for the whole national electricity. Sources: https://vir.com.vn/moit-vietnam-still-needs-more-thermal-power-plants-83222.html. Being a national Oil and Gas Group of Vietnam (Petro Vietnam or PVN), PVN plays two-fold roles: (i) contributing to the national economic growth; and (ii) maintaining the national energy security. Besides Ca Mau 1 & 2, Nhon Trach 1 & 2 gas power plants have been invested and under operation stage. PVN had further invested in coal fine power projects with the capacity of each plant is 2x600 MW. All these projects were implemented with Engineering, Procurement and Construction (EPC) contracts approaches. In the upcoming years, PVN will continue further invest power projects such as Nhon Trach 3, 4 gas thermal power projects with the same approach in contract delivery system and contract strategy. Source: https://vir.com.vn/pv-power-look-for-epc-contractor-for-nhon-trach-3-and-4-thermal-power-plants-83836.html Therefore, understanding the main contents of an EPC project delivery system, contract strategy and interpreting the application of term and condition clearly in EPC contract will help the project to be executed and monitored by using the proper manning level in accordance with project specification, then the project's objectives will be achieved with the fewest possible disagreements and disputes. This research also studies the obligations of the Owner and Contractors in particular contract conditions being used in FIDIC Yellow and Silver books and the consequences of a party not being aware of its own obligations could easily lead to a breach of contract with possible costly consequences. |
| Year | 2021 |
| Type | Project |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (Professional Master) (MPM-CM) |
| Chairperson(s) | Hadikusumo, Bonaventura H. W.;Sakul Pochanart (Co-Chairperson) |
| Examination Committee(s) | Chotchai Charoenngam;Santi Charoenpornpattana |
| Scholarship Donor(s) | Vietnam Oil and Gas Group (PVN) PetroVietnam |
| Degree | Project (M. Eng.) - Asian Institute of Technology, 2021 |