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Alstom-EVN joint venture to establish Gas Turbine Reconditioning Workshop in Vietnam

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Alstom and Vietnam Electricity (EVN) today announced a partnership that will establish a state-of-the-art gas turbine reconditioning workshop in Phu My district in Ba Ria Vung Tau province along the southern coast of Vietnam.

The partnership will be implemented as a Joint Venture (JV) and the corresponding agreement was signed in Hanoi by EVN Representative of Management Board, President and CEO Mr. Pham Le Thanh and Alstom Thermal Power President Mr Philippe Cochet. This will be the first reconditioning workshop in the country, and the first in Alstom's network in Asia.

The JV will create more than 140 new jobs for skilled Vietnamese workers and reflects EVN and Alstoms commitment to supporting the national drive for investment and employment in technically advanced industries.

With its prime East Asia location the workshop will recondition latest gas turbine parts demonstrating Alstom commitment to bringing local capabilities to this fast growing region. This collaboration will bring together the latest technology with local expertise and competitive positioning in a major long-term investment in Vietnam and Asia.

This joint undertaking to build a high-tech reconditioning workshop is a result of the close relationship we have with EVN and of our desire to work with local partners to develop highly-skilled local capabilities. The new workshop is a key element in Alstoms growth plans in Asia and demonstrates our commitment to Vietnam and to our Asian customers, said Mr Cochet.

To further build their long-term relationship, Alstom and EVN also signed a Memorandum of Understanding (MoU) covering other areas of cooperation. These include the establishment of training programmes for EVN engineers and working together to deploy online monitoring of power plants, reducing fuel consumption and improving plant efficiency.

The JV and MoU deepen the long-term relationship between EVN and Alstom spanning more than twenty years, encompassing major hydro projects such as Son La and Huoi Quang, and thermal power plants like the Phu My gas-fired facilities. 

The JV and MoU highlight EVNs commitment to improving the performance of the power generation sector in Vietnam and in developing high-tech industry and employment. Building on our long-term partnership with Alstom we can use our collective expertise to provide advanced services to the power generation sector and develop one of the leading technical facilities in the country, commented Mr Thanh.

About the Joint Venture
The Joint Venture (JV) is established by and between three parties: Phu My Thermal Power Company, Alstom Asia Pacific and Alstom Vietnam. The JV is located in Phu My town, Tan Thanh district, Ba Ria Vung Tau Province.  The objective of the JV is to provide reconditioning services locally to EVN customers and for export under Alstom network. EVN will provide key components while Alstom will contribute technology and other services to increase current activities in Phu My.

About EVN
Vietnam Electricity (EVN), formed in 2006, is a State-owned economic group holding critical role in electricity generation, transmission, distribution and sales as well as in encouraging rapid, sustainable, competitive development and effective global economic integration of Vietnam power industry. The vision of the corporation is being the leading economic group in both national and regional energy sectors, playing key role in ensuring national energy security. With this vision, EVN carries out the mission of sufficiently meeting up with customers electricity demand with higher quality and better services. The Corporation employs over 99,000 people. Electricity sales for the whole economy attained 94.7 billion kWh in 2011. 

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