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Bechtel Corporation, General Electric and McDermott signed an agreement to jointly implement equipment worth $ 3 billion for the LNG Bac Lieu gas power plant project.
The signing ceremony of a comprehensive cooperation agreement between three US corporations in the framework of the Indo-Pacific Business Forum (IPBF) took place in Hanoi this morning. “The purpose of the agreement is to allow the use of technical equipment and services worth $ 3 billion from Bechtel, General Electric and McDermott, to apply the best of American technologies and techniques,” according to the ambassador’s statement. American stores in Vietnam.
Bac Lieu LNG Power Plant Project Scheme. Graphics: Limited LNG.
The Bac Lieu LNG (LNG) power plant project under LNG Bac Lieu Gas Thermal Power Center with a total capacity of 3,200 MW, is the first large-scale power project invested by foreign investors IPP (Independent Power Project), according to Government newspaper.
The project has the main investor, Delta Offshore Energy, with a total investment of 4 billion dollars and it is expected to import up to 3 million tons of liquefied gas per year, approved in the national electricity development master plan. in the form of 100% foreign direct investment capital in accordance with the Vietnam Investment Law.
The gas power center is expected to begin construction in the second quarter of 2021 and complete 36 months, operate the first unit in 2024 and complete a total capacity of 3,200 MW by 2027.
When put into operation, the center will contribute an electricity production of up to approximately 20,000 million kWh / year to the national electricity system, which will help meet the demand for clean, stable and competitively priced energy for the country. just as the economy is on the rise.
“This is a typical model of the Vietnam-United States bilateral relationship on energy trade, investment and security, which opens a new horizon for private sector investment activities in infrastructure. energy in Vietnam, “according to the US embassy.
The US Department of Commerce and Development (USTDA) is supporting 16 energy projects in the Indo-Pacific region over the past three years to create export opportunities for companies in this country. Under the IPBF 2020, the USTDA has announced comprehensive commitments and a number of initiatives to improve economic relations between the US and the Indo-Pacific region, including energy projects.
Accordingly, the USTDA will support the development of natural gas infrastructure through the exchange of business delegations, helping Vietnamese, Bangladeshi and Thai officials to come to the US to assess the best planning solutions. develop natural gas infrastructure and witness America’s most advanced technology, equipment and services.
Meanwhile, the United States Agency for International Development (USAID) has also launched the Asia EDGE (Asia EDGE) initiative to support Washington’s vision for the Indian Ocean region: The Pacific is open and free, while develops safe and sustainable energy markets throughout the region.
Vu anh
