~ Le Viêt Nam, aujourd'hui. ~
The Vietnam News

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[Year 2002]

Vietnam signs agreement with Alstom-led group to build $ 216 milion power plant

HANOI, Vietnam - Vietnam's state-owned power company has signed a contract with a consortium led by engineering group Alstom SA to build a dlrs 215.6 million power plant in southern Vietnam, the power company's board chairman said Monday.

The 450-megawatt plant in Ba Ria-Vung Tau province will have two gas-powered turbines with capacities of 150 megawatts each and one 150-megawatt steam-powered turbine, said Dang Hung, board chairman of Electricity of Vietnam Corp, or EVN. EVN signed the contract Friday with the consortium, which also includes Japan's Marubeni Corp. and Vietnam's Lilama.

Construction of the Phu My-4 plant is scheduled to begin in June and be completed in 24 months, Hung said. Gas for the plant will come from the Nam Con Son basin gas field developed by British Petroleum off Vietnam's southern coast, Hung said. The Phu My-4 plant is part of the planned 3,600-megawatt Phu My Power Complex, which is under construction.

Last September, Vietnam licensed BP to build the 715-megawatt Phu My-3 power plant at a cost of dlrs 350 million. BP will run the plant for 20 years before transferring it to EVN. EVN also awarded a dlrs 400 million contract to a consortium led by Electricity de France International to build the 715-megawatt Phu My-2.2 power plant in May last year. Vietnam plans to complete the entire Phu My complex by 2005. Vietnam's electrical consumption rose by 15 percent last year and by about 16 percent in the first five months of this year, Hung said.

Vietnam currently produces 8,000 megawatts of electricity a year, more than half generated by hydroelectric power plants.

The Associated Press - June 10, 2002