GULF Inks the EPCC Contract for “Wind Farm Vietnam”, Expecting a Full 310MW within 2021!

Gulf Energy Development Public Company Limited (GULF) has made an announcement on November 26, 2019, in reference to the investment made by Gulf Energy Development Public Company Limited (GULF) in Mekong Wind Power Joint Stock Company, in which GULF indirectly holds 95% shares through Gulf International Holding Pte. Ltd., and which operates the offshore wind farm project with a total installed power generation capacity of approximately 310 megawatts located in Binh Dai district, Ben Tre province, Vietnam (Wind Power Project).

In the announcement, GULF has notified that Mekong Wind Power Joint Stock Company has entered into the following contracts in November 2019:

 

1) On November 8, 2019, Mekong Wind Power Joint Stock Company entered into the Long Term Program Service Agreement with Siemens Gamesa Renewable Energy LLC (Siemens Gamesa) for the maintenance and provision of spare parts and replacement parts for Siemens Gamesa’s wind turbines, which use modern technology and have high quality standards, for the Wind Power Project for a period of 10 years, with the option to extend the contract to 20 years.

2) On November 25, 2019, Mekong Wind Power Joint Stock Company entered into the Engineering, Procurement and Construction Contract with PowerChina HDEC- INTL Consortium, which comprises of PowerChina Huadong Engineering Corporation Limited and PowerChina International Group Limited. The scope of work involves design, engineering, procurement, construction and commissioning of the wind power plant for a total installed power generation capacity of 310 megawatts.

 

The Wind Power Project is divided into eight phases, with construction to commence in phases following the Power Purchase Agreement (PPA) signing with Vietnam Electricity (EVN).

In this regard, on July 17, 2019, Mekong Wind Power Joint Stock Company entered into a PPA with EVN for phase 1 with installed power generation capacity of 30 megawatts, with construction to commence in November 2019 and scheduled commercial operation date within 2020.

For phases 2-8 with total installed power generation capacity of approximately 280 megawatts, the scheduled commercial operation date is within 2021, which is proceeding according to plan.