BANGKOK -- (BUSINESS WIRE) --
Vietnam is expanding its power generation capacity as it balances its generation portfolio and meets the soaring energy demand of its growing population and flourishing economy.
To advance energy security with decarbonization and sustainability commitments, Vietnam is prioritizing the development of its renewable energy infrastructure.
Renewable energy, according to Black & Veatch’s Strategic Directions: Electric Industry Asia 2021 Report, is expected to experience the most significant investment growth in new generation capacity over the next three to five years.
The Ia Pech 1 and Ia Pech 2 wind farms, located in Ia Grai district of Gia Lai province, are examples of investments in Vietnam’s renewable energy developments.
Dien Xanh Gia Lai Investment Energy Joint Stock Company, the developer of the la Pech wind farms, has engaged Black & Veatch as the Owner’s Engineer for both wind farms. Each Ia Pech wind farm project will have a capacity of 50 megawatts (MW).
“Black & Veatch is actively engaged in Southeast Asia’s energy transition, drawing on our global expertise and local experience. With capabilities and expertise spanning the entire project life cycle and across generation, transmission and distribution technologies, we have been partnering with power producers around the world to deploy reliable and forward-looking renewable energy solutions,” said Narsingh Chaudhary, Black & Veatch's Executive Vice President & Managing Director, Asia Power Business.
As the Owner’s Engineer of the la Pech wind farms, Black & Veatch will undertake services including project management, project control, design review, quality assurance, construction monitoring and commissioning support.
The Ia Pech wind farms will generate and sell power to Vietnam Electricity for 20 years. Construction of the farms is scheduled to begin in 2021 and commercial operation is estimated to start by fourth quarter of 2021.
“The power industry’s growing use of wind power in its generation mix aligns well with our full range of innovative wind power solutions, allowing us to continue to serve an ever-evolving market,” added Dave Hallowell, Black & Veatch’s Senior Vice President, Global Renewable Energy.
Black & Veatch has supported over 56 GW of wind power globally. This includes providing lead technical advice for over 36,000 MW of wind power, development and execution support for over 19,500 MW of wind power, and over 1,200 MW of detailed design for wind power. The company was recognized by leading source of infrastructure, power and renewable news, data and analysis Inframation and SparkSpread as the top technical advisor by deal count for 2020.
- Black & Veatch delivers a broad array of services, from renewables strategic planning and project development support to project implementation, grid connection and asset management. Our experience with renewable projects includes wind, solar thermal, solar photovoltaics, biomass, hydro, geothermal, landfill gas and marine.
- The International Monetary Fund (IMF) projects growth in Vietnam’s economy to be 6.5 percent in 2021.
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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