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Bloomberg
General Electric Co and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
The signing between GE and EVN Genco3 took place during an event with President Donald Trump’s National Security Adviser Robert O’Brien in Hanoi. O’Brien, in Vietnam for a visit which includes meetings with government officials and a speech to international relations students, said the companies will develop a plant that will provide 3,600 megawatts of power.
GE will be contracted to install the gas turbine technology and some other equipment, and will take an
equity stake in the project, according to White House
officials accompanying O’Brien. “GE will look to supply gas turbines and associated equipment and services for the project estimated at more than $1 billion over the lifetime of the project,†a company spokesperson said.
The Long Son LNG power complex will be in Ba Ria-Vung Tau Province, an industrial area on the coast near Ho Chi Minh City, the White House officials said.