- Following the success of phase one's installation of ten GE wind turbines, 52 additional wind turbines will be installed adding up to 99.2 megawatts of wind energy in total.
- The signing ceremony was witnessed by US Secretary of State John Kerry during his duty visit to Vietnam.
- The deal marks another key milestone in GE's celebration of its 20th year of operation in Vietnam.
HO CHI MINH CITY, VIETNAM -- December 14th, 2013 -- Today, GE Power & Water, a unit of GE, signed a contract with Cong Ly Construction-Trade-Tourism Ltd (Cong Ly Ltd.) to provide 52 1.6MW -- 82.5, wind turbines for phase two of the project. The turbines, which have total output of 83.2 MW, will start commercial operation in October 2014.
The signing ceremony was witnessed by US Secretary of State John Kerry during his duty visit to Vietnam.
The signing of the contract between GE and Cong Ly Ltd. for Bac Lieu wind farm project has proved the success of the model which leverages both US technology and financing by US Exim Bank to develop green energy for the country.
Commencing in 2011, work on the first phase of the Bac Lieu project, with installation of 10 turbines totaling 16MW, was completed and connected to the national grid in May 2013.
"We are delighted that Phase One of the Bac Lieu wind farm has been completed and connected to the national grid," said Mr. To Hoai Dan, Chairman of Cong Ly Company Ltd. "This has paved the way for Phase Two which will continue to improve the social and economic conditions of the province by creating hundreds of jobs requiring technical and industrial skills, while contributing more power to the national grid. We also hope this project will help attract further investment into Bac Lieu province and provide momentum to move forward with wind power development in the region and in Vietnam."
The GE wind turbines chosen for this project feature an 82.5 meter rotor for class III wind conditions, making it a good match for the Bac Lieu site. The 1.6-82.5 builds on the success and the global experience of GE's 1.6MW wind turbine, the industry's most widely deployed megawatt-class machine with more than 19,000 units installed worldwide. The turbines are made in the US.
Ms. Nguyen My Lan, CEO of GE in Vietnam said: "As a part of our "company-to-country" strategy, the Bac Lieu project is a clear demonstration of our commitment to supporting the development of local partners as well as contributing to the renewable energy development in Vietnam. With the huge potential of Vietnam's wind power, we hope to continue cooperate with Vietnamese partners to pioneer wind power projects in future."
GE provides technological support for a variety of power generation projects throughout the country. With an installed base of more than 2,000 megawatts, GE equipment today supplies approximately 10 percent of Vietnam's power generation capacity.
In 2009, GE increased its investment in the future of Vietnam by establishing a wind-turbine components manufacturing plant in Hai Phong. The facility has created over 600 local jobs and exported thousands of units of generator systems and wind turbine components that contribute to global energy solutions.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. They are finding solutions in energy, health and home, transportation and finance, as well as building, powering, moving and revitalizing the world. Not just imagining - doing. GE works. GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
About GE in Vietnam
In 1993, GE was one of the first American companies established in Vietnam before the US Embargo was lifted. As a rapidly developing country, Vietnam has broad needs in Aviation, Energy and Healthcare that are critical for its sustainable, environmentally-conscious growth. GE provides Vietnam a unique company-to-country approach, helping the country become a stronger global presence.
For more information, please contact:
Trinh Phuong Lan
Do Lien Yen Ly
Trinh Phuong Lan