AES accelerates future of energy, economic growth in southern Vietnam

24-Jul-2021 Intellasia | Tuoitre News | 5:02 AM Print This Post

The office will support activities related to the company’s commitment to fostering economic growth and accelerating the future of energy in Vietnam with its partners in the country.

AES is investing in infrastructure projects in the province, including the 2.2 GW Son My 2 combined cycle gas turbine (CCGT) power plant and Son My LNG terminal.

The total investment in the 2.2 GW Son My 2 CCGT power plant and Son My LNG terminal will be approximately $3.2 billion and is expected to significantly enhance the local economy in Binh Thuan.

The construction of the plant and the terminal will generate more than 4,500 jobs, as well as improve the livelihoods of the local community.

“Our new office will play an important role in developing AES’ LNG projects in Binh Thuan Province on the timeline agreed to with the government of Vietnam,” said David Stone, president of AES Vietnam.

“Our work in Vietnam creates not only jobs but also opportunities for valuable technology and knowledge transfer.

“These activities will make lasting differences in the energy industry of the country.

“The LNG projects we are developing in Vietnam, which will be served by our new office, demonstrate our commitment to the country’s energy sector and our support for Vietnam’s energy transition and future economic growth.”

The new office will also play a key role in innovation activities, including the exploration of renewable and battery storage opportunities for AES in southern Vietnam.

AES Vietnam’s social impact programmes will be supported through this office with the goal of ensuring a long-lasting impact in improving the lives of people in the communities AES serves.

Since 2020, these programmes have included initiatives such as providing scholarships to 100 students from disadvantaged families and giving Tet gifts to 100 households in Ham Tan Ward and Son My Commune.

The office opening coincided with the introduction of the company’s new brand in Binh Thuan Province.

The launch reflects AES’ commitment to accelerating the future of energy while addressing the ever-increasing energy needs of its customers for today and tomorrow.

As a leader in clean growth and innovation, AES has been leading the energy industry with cutting-edge technologies in LNG to power, renewables, digital innovation, and battery energy storage, while creating greener, smarter energy solutions the world needs.

The new representative office is located at Unit 402, 4th Floor, Vietcombank Tower, 50 Nguyen Tat Thanh Street, Phan Thiet City, Binh Thuan Province, Vietnam.

AES Vietnam is a leading sustainable power company in the Southeast Asian country that provides safe, reliable, and affordable energy.

On September 30, 2019, the firm was officially granted approval by the government of Vietnam to develop the 2.2 GW Son My 2 CCGT power plant.

The Son My 2 plant will have a 20-year contract with the Vietnamese government.

The Son My LNG terminal has an installed capacity of 450 TBtu, representing a total investment of about $1.4 billion.

The terminal will play an important role in supporting Vietnam’s energy transition and economic growth.

AES, through its subsidiary, AES Mong Duong Power Company Limited, successfully developed and arranged financing for the Mong Duong 2 Power Project of 1,242 MW with the total investment of approximately $2.1 billion.

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company that works to spur the future of energy.

https://tuoitrenews.vn/news/business/20210723/aes-accelerates-future-of-energy-economic-growth-in-southern-vietnam/62209.html

 

Category: Business, Vietnam

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