On February 9th local time, Vietnam Power Group, PowerChina, and Vietnam Machinery Installation Group jointly signed the EPC general contract for the Guangze Phase II liquefied natural gas combined cycle power generation project in Vietnam. As a landmark project of the 8th edition of Vietnam's National Electricity Development Plan, this project is currently the largest liquefied natural gas power generation project in Vietnam and the largest liquefied natural gas power generation project signed by PowerChina in Southeast Asia. It marks a historic breakthrough for PowerChina in the Vietnamese gas power generation market from zero to one.

The project is located in Phuc Tri Province, Vietnam, using H-class gas turbine technology with an installed capacity of 1612.8 megawatts. After completion and operation, it is expected to transmit about 10 billion kilowatt hours of electricity to the national power grid annually, which is sufficient to meet the annual electricity demand of millions of households and effectively promote the transformation of Vietnam's energy structure from "coal-fired power" to "natural gas+new energy".

At the signing ceremony, Minister Counselor Wu Guoquan of the Chinese Embassy in Vietnam, Minister of Industry and Information Technology Le Mengxiong and Deputy Minister Ruan Huanglong, Deputy Minister of Finance Gao Yingjun, Chairman Deng Huang'an and General Manager Ruan Yingjun of Vietnam Power Group, Chairman Pei Dejian and General Manager Ruan Wenxiong of Vietnam Machinery Installation Group, and President and CEO of GE Vernova Gas Power Asia, Si Ruimai, witnessed together.

Chen Guanfu, member of the Party Committee and Deputy General Manager of PowerChina, attended the signing ceremony and delivered a speech as a representative of the contractor. He stated that PowerChina will integrate resources from the entire industry chain, dispatch elite teams, and build the Guangze Phase II project into a benchmark project in Vietnam with the highest standards, demonstrating the efficient strength of Chinese technology in the field of clean energy. This cooperation is not only a new starting point for upgrading the China Vietnam energy partnership, but also injects strong momentum into promoting regional clean energy transformation, ensuring Vietnam's energy security, and promoting sustainable economic development.

During his time in Vietnam, Chen Guanfu also presided over a symposium for the group's subsidiaries stationed in Vietnam. He pointed out that the Vietnamese national market has enormous potential, and the group has achieved solid results in its operations in Vietnam. It is necessary to further improve its high-quality and compliant operations. One is to seize the opportunity of long-term high-speed development in the Vietnamese market, deeply cultivate local demand, and increase resource investment; The second is to forge core competitiveness through system collaboration and capability transformation, and build an efficient collaborative system that integrates group planning, industrial chain collaboration, deep cultivation of major customers, and performance marketing; The third is to adhere to the deep cultivation of localization and the integration of industrial chain value, and enhance the ability of localized operation; Fourthly, we must strictly adhere to the bottom line of compliance, strengthen risk management throughout the entire cycle, and ensure steady development; The fifth is to use party building to unite forces and lead the high-quality development of business.

Chen Guanfu also held discussions with multiple partners to exchange ideas on further strengthening market cooperation, achieving complementary advantages, and jointly promoting cooperation in Vietnam's clean energy and infrastructure fields.

Zhou Jiayi, Deputy General Manager of the company and General Manager of the Asia Pacific Regional Headquarters, Du Haiyang, Deputy General Manager of the Asia Pacific Regional Headquarters, and relevant subsidiary leaders participated in the above-mentioned activities.Editor/Yang Meiling