Hyundai Engineering Wins $320M Order to Build Utility Plant in Vietnam

Hyundai Engineering Wins $320M Order to Build Utility Plant in Vietnam

Hyundai Engineering has established a bridgehead to target the Vietnamese
power plant market.

The company announced on August 6 that it has received a letter of award
(LOA) from Longson Petrochemical to build facilities at the Longson
petrochemical complex in Vietnam. The deal is worth US$320 million (368.4
billion won).

Under the deal, the builder will construct infrastructure, such as
supportive boilers and water treatment facilities, to produce steam and
industrial water for the Long Son petrochemical complex in Long Son Island
in Vung Tau located some 100 kilometers southeast of the country`s capital
Ho Chi Minh City. The project is to be completed within 47 months after the
groundbreaking

Industrial water and steam produced at the water treatment facilities and
supportive boilers will be supplied to the petrochemical complex according
to needs. It is the core project to help plants at the complex operate
smoothly.

Meanwhile, Hyundai Engineering took part in designing the construction of
the Mong Duong coal-fired thermal power plant in Vietnam completed by
Hyundai Engineering and Construction in 2016. It is the second turnkey power
plant construction contract won in Vietnam after the project to expand the
Ba Ria complex thermal power plant in 1999.

Vietnam showed an economic growth rate that is 2.6 times higher than the
average global gross domestic product (GDP) last year. According to the
governments seventh supply and demand plan, it is planning to secure a
capacity to produce 55,300 megawatt (MW) of electricity by 2030.
Accordingly, the South Korean company has high expectations to win more
orders in Vietnam.

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Link to Original Article:
http://www.energycentral.com/news/hyundai-engineering-wins-320m-order-build-
utility-plant-vietnam?utm_medium=eNL&utm_campaign=DAILY_NEWS&utm_content=&ut
m_source=2017_08_08

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com