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The Vietnam News |
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ERLANGEN - To alleviate
its power shortage Vietnam is
banking on the rapid expansion of its
installed power plant capacity. The
Phu My 3 Consortium comprising
Statoil, BP Amoco, Tomen and
Mitsui has selected Siemens as the
preferred contractor for the turnkey
engineering, procurement and
construction (EPC) of the
combined-cycle power plant Phu My
3 following a Government approved
international competitive tender and
evaluation. It will be Vietnam's
largest privately owned power
project. Signing of the EPC contract,
valued at around US$ 300 million, is
anticipated in late 1999 once pending
approvals have been issued. The
power plant, which will have a
capacity of over 700 megawatts, will
be built by the Siemens Power
Generation Group (KWU) on the
Phu My Industrial Zone, about 70
kilometers south-east of Ho Chi
Minh City. The Phu My 3 plant will
be fuelled by indigenous gas from the
B06.1 Nam Con Son gas project.
Siemens to Supply Phu My 3 Power Plant for VietnamThe construction of Phu My 3 will be a significant milestone in Vietnam's power sector. "The combination of Siemens modular construction technology and the consortium's investment strategy allows Phu My 3 to be put into operation quickly with combined-cycle operation early in the year 2002" said Olav Heigre, Chairman of the Phu My 3 Management Board. "With the full support of the Vietnamese government, we see the Phu My 3 project as a key part of both Vietnam's power and gas industries". "We are pleased to have been chosen by Phu My 3 and accepted by the Government of Vietnam as the preferred EPC contractor for this trail-blazing project and attribute our success to our international experience in the construction of combined-cycle power plants", said Dr. Christian Urbanke, Head of the Siemens Asia-Pacific Fossil Power Generation Division. At the same site, Siemens built the Phu My 2.1 Extension gas turbine power plant for the state utility Electricity of Viet Nam, which has been feeding electricity into the Vietnamese grid since early 1999. The installed power capacity of Vietnam is around 5,000 Megawatts which is equivalent to about 250 kilowatt-hours per capita and annum (consumption worldwide per capita and annum: approx. 2,500 kilowatt-hours). Business Wire - July 20, 1999. |