Alstom and its consortium partner, Hydro China Zhongnan Engineering Corp, have signed a contract worth more than €45 million (US$64 million) with Electricity of Vietnam (EVN) to provide power equipment for the Huoi Quang dam, located on the Nam Mu River in Lai Chau province, Vietnam. Alstom’s share in the contract is approximately €30 million (US$43 million).
The 520-megawatt (MW) hydroelectric power project is a priority project listed in Vietnam’s 6th Master Power Development Plan for the period 2006-2015. The Master Plan is used by the Vietnamese government to manage the development of the electric power sector. It forecasts power demand growth and maps out the overall development of the power industry over a ten-year period. Under the terms and conditions of the contract, Alstom and its partner will supply and supervise the installation of the plant’s electro-mechanical equipment, including two 260 MW Francis turbines and generators.
Manufactured at Alstom’s hydropower manufacturing facility in Tianjin (China), the first turbine unit is expected to be put in operation by December 2014 and the second by April 2015.
The current power generation system in Vietnam relies mainly on hydro and thermal gas power.
Present in Vietnam for over 20 years, Alstom has played a very significant role in the development of Vietnamese power production, recently announcing the successful completion of the first unit of Son La Hydro power plant (6 x 400 MW) and the third unit of Sesan 4 Hydro Power plant (3 x 120 MW). The Huoi Quang project will help to reduce energy production costs and boost economic development in the country’s northern region.
“This contract strengthens Alstom's market share in the country and highlights the group’s world leading position in hydropower,” said Philippe Cochet, Senior Vice President Alstom Wind & Hydro. “Alstom continues to play a major role in the development of the country’s energy industry.”
Alstom consortium lands hydroelectric equipment contract valued at $64MM in Vietnam