DOEPL MEETS BAC LIEU PROVINCE LEADERS
The Vietnam based Managing Directors of DOE, Spencer Damian White and Ian Nguyen, presented their integrated 3,200MW LNG to power proposal to provincial leaders and senior stakeholders of Bac Lieu Province. DOE met with H.E. Duong Thanh Trung, Chairman of the Bac Lieu Province People’s Committee and his deputies to discuss how to jointly coordinate the development and investment of the Project with the objective of preparing a framework for collaboration. The meeting was witnessed by H.E. Nguyen Van Duong, Secretary of Bac Lieu Province Party Committee cum Central Committee Member of the Vietnam Communist Party and H.E. Le Thi Ai Nam, Chairwoman of the Bac Lieu Province People’s Council.
Bac Lieu province requested the central government in Hanoi to replace a planned 3,600MW coal fired power plant in the current national power plan known as Power Development Plan 7 revised (“PDP7 revised”). Some of the power plan capacity has been allocated to renewables as the province has operating near-shore wind farms hence 3,200MW is available for alternative power sources to substitute coal. The project proposed is under a private sector initiative through the law on investments that combines LNG supply, floating LNG receiving, storage and regasification terminal, marine facilities, pipeline and power plant of 3,200MW of power generation capacity.
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Ian Nguyen, Managing Director, Delta Offshore Energy
H.E. Le Thi Ai Nam, Chairwoman of the People’s Council of Bac Lieu Province
H.E. Nguyen Van Duong, Secretary of the Communist Party Committee of Bac Lieu Province cum Central Committee Member of the Vietnam Communist Party
Spencer Damian White, Managing Director, Delta Offshore Energy
H.E. Duong Thanh Trung, Chairman of the Bac Lieu Province People’s Committee
Honourable Dang Huy Dong, retired Vice Minister of the Ministry of Planning and Investment cum Deputy Chairman of the Central Economic Commission of the Vietnam Communist Party
Bac Lieu needs clean and renewable energy as a primary pillar for its economic development. The key industry in Bac Lieu province is shrimp aquaculture with the aim to export USD 1 billion in value overseas. The province has successfully attracted a world leading shrimp hatchery facility owned and invested by Viet Uc corporation to support the local aquaculture industry. In order to develop the shrimp industry in a sustainable and traceable manner it will need new modern technologies and improve its value-chain which are dependent on power (i.e. smart aquaculture, cold processing, cold chain logistics etc.).
The project will ensure clean and affordable energy security for Vietnam. South Vietnam consumes half of Vietnam’s electricity where power shortages are most acute, in particular the Mekong Delta. Furthermore, flexible power generation of Combined Cycle Gas Turbines will help balance the variable power loads and intermittency from the many renewable power projects in the region.