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VIETNAM PROVINCIAL LEADERS HOSTED BY GE AT FACTORY IN BELFORT, FRANCE

VIETNAM PROVINCIAL LEADERS HOSTED BY GE AT FACTORY IN BELFORT, FRANCE

On Thursday, January 17th, 2019 a delegation of Vietnamese central and local government leaders were given a tour of the General Electric (“GE”) Belfort factory facilities lead by Chairman Duong Thanh Trung of the People’s Committee of Bac Lieu Province. This visit is a follow up from Chairman Trung and Bac Lieu leadership’s visit to GE Power Office in Houston in 14 September 2018 when GE and DOE presented the technical merits of GE’s 9HA.02 Combined Cycle Gas Turbines (“CCGT”) to the delegation.


Image: H.E. Duong Thanh Trung (center), Chairman of the Bac Lieu Province People’s Committee of Vietnam and other central and local government leaders pictured above at the GE Belfort plant

The Vietnamese delegation to the GE Belfort plant included leaders from other localities as well as the central government who were in France for several weeks to attend a government training program. The Vietnamese delegation met with Christian Noacco, Managing Director of GE Belfort and other management members to obtain insight into the latest CCGT technology from GE. "GE is looking forward to deploy its proven and most efficient 9HA gas turbines to enable affordable and clean power for Vietnam. The 9HA technology has already been chosen by many countries around the world including Thailand, Malaysia and Indonesia in ASEAN”, Mr. Lan Phung, Country Director (Vietnam) - GE Gas Power.

This visit will also help the Vietnamese authorities in understanding and appreciating the benefits of having cleaner energy from natural gas and LNG to power, thus enhancing their confidence in implementing the Bac Lieu LNG to power project and in planning the new national power development policy for period 2020 - 2030. In a letter from the H.E. Duong Thanh Trung, Chairman of the Bac Lieu Province People’s Committee notes “The tour visit has particularly strengthened the confidence of myself and my fellow delegates in the advanced technology which we believe would be deployed in the project in Bac Lieu Province as promised to H.E. the Prime Minister of Vietnam at H.E.’s meeting with the project investors in July 2018 in Hanoi” and added “We are working towards the granting of the Prime Minister’s Investment Policy Decision”.

The government of Vietnam is in the process of expediting the approval of a 3200 MW LNG to Power project located in Bac Lieu Province that is to be developed by DOE and its strategic partners. According to Project Director Spencer White “With GE as our strategic partner the project will use the 9HA.02 configuration turbines. This will enable us to achieve the greatest efficiencies and deliver competitive clean energy for Vietnam.” Vietnam plans an additional 80 GW of installed power generation capacity by 2030 from its current base of around 50GW to cater to its growing electricity demand at a CAGR of around 10%.

For the project team at DOE the next significant milestone will be the inclusion in the current national power plan - Power Development Plan 7 revised (“PDP7”). This is expected to take place immediately after appraisal by the Ministry of Industry and Trade (“MOIT”) which was submitted in December 2018.

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