The Hanoitimes - The project is the fourth in the energy sector signed between Vietnam and US firms over the past month. A Vietnamese firm and General Electric (GE) Co. have signed a deal for a power project worth an approximate US$1 billion during the Hanoi visit by US National Security Adviser Robert C. O’Brien. Vietnam, US firms sign the deal in the presence of APNSA O’Brien, US Ambassador to Vietnam Daniel J. Kritenbrink, and EXIM Kimberly Reed. Photo: US Embassy in Hanoi On Sunday, GE signed the deal to provide equipment, services and equity to a liquefied natural gas (LNG)-to-power plant capacity 3,600 megawatts (MW) in the presence of O’Brien and Kimberly Reed, president and chairman of the Export-Import Bank of the United States (EXIM). The signing of the Long Son LNG-to-power project was carried out by representatives from General Electric, GENCO3, Pacific Corporation, PECC 2, Mitsubishi, and TTC Group. This project that is located in Vietnam’s southern province of Ba Ria-Vung Tau, will bring 1,500MW of clean power to Vietnam, strengthening Vietnam’s energy security and supporting its economic development. Series of US-invested power projects within a month This is the fourth LNG power projects signed by US investors over the past one month. Late last month on the occasion of the 2020 Indo-Pacific Business Forum (IPBF) in Hanoi, Vietnam and the US signed memoranda of understanding (MoU) for three big LNG-to-power projects and one LNG terminal. The first one is an agreement to provide equipment and services worth more than US$3 billion for a liquefied natural gas (LNG)-to-power project in Vietnam’s Mekong Delta signed by three American companies namely Bechtel Corporation, General Electric and McDermott. The signing is aimed to utilize the best-in-class American technology and engineering from the US for the 3,200-megawatt Bac Lieu LNG-to-power project developed by US-headquartered Delta Offshore Energy. Costing …
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